Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
Published . Updated .
Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own.
Directly affected
- CRCW Crypto
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.
- IYLD ISHARES MORNINGSTAR MULTI-ASSET INCOME ETF
GA selected IYLD as a RELATED security because its canonical security name directly matches this event's themes: assets. 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.
Price reaction, T-5 to T+3
Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own.
Source: CoinDesk
iShares Ethereum Trust ETF (ETHA) since this story, compared with the market
Since the first closing price after “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%,” 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.
Where this story sits: Taiwan Strait
Taiwan Strait has 49 linked stories in the last 7 days and 49 in the last 30 on the page that also carries “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%.” The recent pace is rising.
Who gains and who loses around iShares Ethereum Trust ETF (ETHA)
Companies carried with this story
- ETHA iShares Ethereum Trust ETF
iShares Ethereum Trust ETF (ETHA) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%.” 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
For “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%,” 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
- IYLD Ishares Morningstar Multi-Asset Income Etf
Ishares Morningstar Multi-Asset Income Etf (IYLD) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%.” Reason on file: GA selected IYLD as a RELATED security because its canonical security name directly matches this event's themes: assets. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- QETH Invesco Galaxy Ethereum ETF
In “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%,” Invesco Galaxy Ethereum ETF (QETH) is linked, with no stored direction, medium confidence. 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
- RAA Smi 3Fourteen Real Asset Allocation Etf
For “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%,” Smi 3Fourteen Real Asset Allocation Etf (RAA) is linked, with no stored direction, medium confidence. Reason on file: GA selected RAA as a RELATED security because its canonical security name directly matches this event's themes: assets. 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 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%,” 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
From Taiwan Strait to iShares Ethereum Trust ETF (ETHA)
iShares Ethereum Trust ETF (ETHA) is the company in “Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%,” the 2 Oct 2026 Taiwan Strait story.
iShares Ethereum Trust ETF (ETHA) is on the page because 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
Bitwise Ethereum ETF (ETHW) is here too. Its reason reads: 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
Dates and price levels for iShares Ethereum Trust ETF (ETHA)
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. IYLD traded between 21.55 and 22.08 across 13 sessions. The latest close on file is 21.64.
A simple score for iShares Ethereum Trust ETF (ETHA)
46 out of 100
“Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.