BlackRock's Ethereum ETF (ETHA) has reached $10 billion in assets in just 251 days, making it the third-fastest ETF to reach this milestone, behind Bitcoin ETFs by BlackRock and Fidelity. This rapid growth followed initial concerns over the tepid response to the launch of spot Ethereum ETFs. Meanwhile, MicroStrategy is raising up to $2.5 billion through a new preferred stock offering intended for purchasing more Bitcoin, amidst ongoing litigation regarding previous stock amendments. MARA Holdings, a notable Bitcoin miner, experienced a stock drop of 12% after announcing a $950 million debt raise, indicating its intent to support operational and acquisition efforts rather than solely investing in Bitcoin. Despite these challenges, analysis suggests that MARA's shift towards high-performance computing positions it well for future growth. Overall, these movements highlight the dynamic interplay of institutional interest and market reactions within the cryptocurrency landscape.

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