BlackRock's Ethereum ETF (ETHA) has quickly reached $10 billion in assets, becoming the third-fastest ETF to achieve this milestone, following Bitcoin ETFs from BlackRock and Fidelity. Despite initial regulatory concerns and lower trading volumes at launch compared to Bitcoin ETFs, investor confidence appears to have surged. Meanwhile, MicroStrategy plans to raise up to $2.5 billion through a preferred stock offering to bolster its Bitcoin reserves, with current holdings valued at $70.6 billion. However, the company faces class-action lawsuits regarding amendments to previous stock offerings. In contrast, MARA Holdings' shares dropped 12% after announcing a $950 million debt plan aimed not solely at purchasing Bitcoin, but also for operational costs and expansions. Analysts view this decline as minor, citing strong performance of Bitcoin and reaffirming MARA's long-term strategy despite significant recent losses. Overall, the crypto market is evolving, marked by notable ETF growth and strategic moves by major players.

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