BlackRock's Ethereum ETF reached $10 billion in assets in just 251 days, making it one of the fastest ETFs to hit this milestone, despite initial tepid interest compared to Bitcoin ETFs. Meanwhile, MicroStrategy is raising up to $2.5 billion through a preferred stock offering to purchase more Bitcoin while facing lawsuits over previous stock amendments. On the other hand, MARA Holdings' stock tumbled 12% after announcing a $950 million debt raise which is earmarked for operations and acquisitions rather than just Bitcoin purchases. Analysts suggest that the growth of crypto ETFs could accelerate if issuers receive SEC approval for direct purchases with BTC or ETH. Additionally, MARA's holdings in Bitcoin are substantial, worth approximately $5.8 billion, but the company is diversifying its use of cash raised including for strategic acquisitions. Concerns arise about the volatility of the crypto market as exhibited by the fluctuations in MARA’s share value and the lawsuits facing MicroStrategy.

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