BlackRock's Ethereum ETF (ETHA) has rapidly reached $10 billion in assets in just 251 days, making it the third-fastest ETF to achieve this milestone. This comes after initial skepticism following the launch of spot Ethereum ETFs in July 2024, which received far less trading volume compared to Bitcoin ETFs. Meanwhile, MicroStrategy is in the process of raising up to $2.5 billion through a preferred stock offering to further increase its Bitcoin holdings. This follows a string of lawsuits regarding the company’s previous stock offerings. In contrast, MARA Holdings saw its stock drop 12% after announcing an upsize in its debt offering to $950 million to fund operations, acquisitions, and debt repayments. Analysts maintain a positive outlook despite the turbulence, indicating confidence in the sector's growth, especially with anticipated changes to ETF regulations that could enhance in-kind share redemption.

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