BlackRock’s Ethereum ETF (ETHA) has rapidly reached $10 billion in assets within just 251 days, marking the third-fastest ETF to achieve this milestone. This surge comes despite a slower initial reception compared to Bitcoin ETFs launched earlier in 2024. Analysts believe that the growth of crypto ETFs may further accelerate as issuers seek SEC approval for in-kind share redemptions, allowing investors to transact using BTC or ETH directly. Meanwhile, MicroStrategy is raising up to $2.5 billion through a preferred stock offering to enhance its Bitcoin holdings, currently valued at $70.6 billion. This move comes amid a class-action lawsuit regarding its stock offering amendments. Conversely, MARA Holdings faced a 12% drop in stock price after announcing a $950 million debt raise to fund various operations, showing the volatility in the crypto market. Investment analysts have mixed views on MARA’s strategy amidst seasonally weak market conditions, urging caution for the coming months.

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