BlackRock's Ethereum ETF (ETHA) recently reached $10 billion in assets within 251 days, becoming the third-fastest ETF to achieve this milestone. This rise happened despite initial skepticism and lower trading volumes compared to Bitcoin ETFs. Meanwhile, MicroStrategy is raising up to $2.5 billion through a preferred stock offering aimed at amplifying its Bitcoin holdings, which are currently worth over $70 billion. However, the company is facing a class-action lawsuit related to amendments in its previous stock offerings. In a contrasting move, MARA Holdings announced a $950 million debt raise, causing its stock to drop by 12%. The funds are not solely designated for Bitcoin purchases but will also be used for operational costs and acquisitions. Market analysts are cautiously optimistic about the future of crypto ETFs, indicating a potential increase in issuance following SEC approvals for in-kind share redemptions.

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