BlackRock's Ethereum ETF (ETHA) reached $10 billion in assets in just 251 days, making it the third-fastest ETF to achieve this milestone. Despite a slow start compared to Bitcoin ETFs, investor confidence appears to be rising. Meanwhile, MicroStrategy plans to raise up to $2.5 billion through a preferred stock offering to acquire more Bitcoin, while facing legal challenges over previous stock offerings. Marathon Digital Holdings (MARA) experienced a 12% drop in stock price after announcing a $950 million debt raise intended for operational costs, acquisitions, and not just Bitcoin purchases. Concerns remain about recent movements in the cryptocurrency market, with significant Bitcoin liquidations reported as major holders shifted billions to exchanges. Analysts, however, continue to show optimism towards the future performance of Bitcoin as the market evolves.

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