BlackRock's Ethereum ETF reached $10 billion in assets in just 251 days, making it the third-fastest ETF to achieve this milestone, despite initial underwhelming responses compared to Bitcoin ETFs. In separate developments, MicroStrategy is raising up to $2.5 billion through a preferred stock offering to purchase more Bitcoin, amidst ongoing class-action lawsuits regarding changes to previous stock offerings. MARA Holdings, a major Bitcoin miner, experienced a 12% decline in its stock after announcing a $950 million debt raise, intended for various operational needs instead of solely for Bitcoin purchases. Analysts suggest that the market perception of the stock may not be as dire as it seems. Analysts predict that with potential SEC approvals allowing in-kind share redemption for crypto ETFs, the growth in this sector might accelerate further, despite regulatory concerns about the complexity of such transactions.

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