BlackRock's Ethereum ETF, ETHA, rapidly reached $10 billion in assets, becoming the third-fastest ETF to achieve this milestone. The ETF debuted with trading volumes trailing behind Bitcoin ETFs, indicating an initially lukewarm reception. Meanwhile, MicroStrategy is raising up to $2.5 billion through a preferred stock offering to purchase more Bitcoin, amid ongoing class-action lawsuits regarding prior offerings. Additionally, MARA Holdings, a major Bitcoin miner, announced a $950 million debt raise, causing its stock to drop significantly as the funds will be used for operational expenses and acquisitions, not exclusively for Bitcoin purchases. Analysts see the decline in MARA’s stock as temporary, with potential for recovery driven by Bitcoin's performance. Overall, the dynamics of crypto ETFs and major players like MicroStrategy and MARA indicate ongoing evolution within the cryptocurrency market.

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