Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Published . Updated .
Blast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- ETHA iShares Ethereum ETF
GA selected ETHA as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- ETHW BITWISE ETHEREUM ETF
GA selected ETHW as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- QETH INVESCO GALAXY ETHEREUM ETF
GA selected QETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- TETH 21SHARES ETHEREUM ETF
GA selected TETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Blast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.
Source: Decrypt
How far iShares Ethereum Trust ETF (ETHA) has moved since 2 Oct 2026
Since the first closing price after “Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down,” iShares Ethereum Trust ETF (ETHA) is +164.81%. The S&P 500 fund (SPY) is -1.08% over the same days, a +165.89% difference versus the market.
Who gains and who loses around iShares Ethereum Trust ETF (ETHA)
Companies mentioned with this story
- ETHA iShares Ethereum Trust ETF
For “Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down,” iShares Ethereum Trust ETF (ETHA) is linked, with no stored direction, medium confidence. Reason on file: GA selected ETHA as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ETHW Bitwise Ethereum ETF
In “Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down,” Bitwise Ethereum ETF (ETHW) is linked, with no stored direction, medium confidence. Reason on file: GA selected ETHW as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- QETH Invesco Galaxy Ethereum ETF
Invesco Galaxy Ethereum ETF (QETH) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down.” Reason on file: GA selected QETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- TETH 21Shares Ethereum Staking ETF
In “Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down,” 21Shares Ethereum Staking ETF (TETH) is linked, with no stored direction, medium confidence. Reason on file: GA selected TETH as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
iShares Ethereum Trust ETF (ETHA)
The 2 Oct 2026 story “Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down” names iShares Ethereum Trust ETF (ETHA) because of this story.
The link for iShares Ethereum Trust ETF (ETHA) is this: GA selected ETHA as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Bitwise Ethereum ETF (ETHW): GA selected ETHW as a RELATED security because its canonical security name directly matches this event's themes: ethereum. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for iShares Ethereum Trust ETF (ETHA), and the dates in the story
ETHA traded between 19.89 and 61.65 across 20 sessions. The latest close on file is 54.10. ETHW traded between 16.61 and 19.79 across 20 sessions. The latest close on file is 17.09. QETH traded between 23.84 and 27.54 across 20 sessions. The latest close on file is 23.97.
How strong the case is around iShares Ethereum Trust ETF (ETHA)
33 out of 100
“Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down” scores 33 out of 100. The score uses 1 sources, and 4 linked companies.