BlackRock's Ethereum ETF, trading under the ETHA ticker, has reached $10 billion in assets, becoming the third fastest ETF to achieve this milestone in just 251 days. This comes despite a slow initial reception compared to Bitcoin ETFs. Meanwhile, MicroStrategy is looking to raise up to $2.5 billion to purchase more Bitcoin while facing class-action lawsuits regarding previous stock offerings. MARA Holdings' stock fell 12% after announcing a $950 million debt raise, intended for operational costs and acquisitions rather than solely for Bitcoin. Analysts suggest that the overall growth of crypto ETFs may accelerate, particularly if the SEC approves in-kind redemption methods for Bitcoin and Ethereum ETFs, allowing shares to be redeemed for the underlying assets. Additionally, MARA's stock downgrade was met with an upgrade from Compass Point analysts, citing Bitcoin's performance as a factor. Finally, JP Morgan is considering allowing customers to use Bitcoin and Ethereum as collateral for loans, while the XRP market capitalization fluctuates amid recent trading activity.

Source 🔗