BlackRock's Ethereum ETF (ETHA) has quickly amassed $10 billion in assets, becoming the third-fastest ETF to achieve this milestone in just 251 days. Initial receptions were tepid compared to Bitcoin ETFs, which saw substantial trading volumes upon their launch. Meanwhile, MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to acquire more Bitcoin, despite facing a class-action lawsuit regarding its stock offers. MARA Holdings, a major Bitcoin miner, announced a $950 million debt raise aiming not only to buy Bitcoin but also to fund operational costs and acquisitions, causing its stock to drop. Analysts remain optimistic about MARA's strategy, suggesting a possible price increase despite a current dip. Other crypto news includes JP Morgan's potential use of Bitcoin as loan collateral and a notable fluctuation in XRP's market cap, which briefly outperformed several major companies.

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