BlackRock's iShares Ethereum Trust (ETHA) has quickly reached $10 billion in assets, becoming the third-fastest ETF to achieve this milestone in just 251 days, following Bitcoin ETFs. Initial trading volume was subdued, but recent investor interest has surged, suggesting confidence in crypto ETFs may be growing. Meanwhile, MicroStrategy plans to raise up to $2.5 billion via a new preferred stock offering aimed at increasing its Bitcoin holdings, significantly boosting its current investment in Bitcoin, which is valued at over $70 billion. However, this raise comes amid ongoing class-action lawsuits regarding previous stock offering amendments. The company intends to allocate the new funds not only for Bitcoin acquisitions but also for operational expenses and debt repayment. Conversely, the stock of MARA Holdings, the largest Bitcoin miner by market cap, dropped 12% after announcing a $950 million debt raise for various purposes, including potential acquisitions. Analysts view this decline as temporary, especially considering MARA's commitment to a long-term Bitcoin holding strategy.

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