BlackRock's Ethereum ETF (ETHA) reached $10 billion in assets in just 251 days, making it the third-fastest ETF to achieve this milestone. This comes after mixed initial reactions compared to Bitcoin ETFs. Meanwhile, MicroStrategy is looking to raise up to $2.5 billion through a preferred stock offering to increase its Bitcoin holdings amidst ongoing class-action lawsuits. In contrast, MARA Holdings saw its stock drop 12% after announcing a $950 million debt raise, primarily for operational costs rather than solely for Bitcoin purchases. This reflects volatile market reactions to financing plans in the Bitcoin mining sector. Market analysts remain cautiously optimistic, suggesting that Bitcoin and Ethereum ETF growth could accelerate following potential SEC approval for in-kind redemptions. Amid these developments, the XRP market capitalization fluctuated significantly, illustrating the ongoing volatility in crypto markets.

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