BlackRock's Ethereum ETF (ETHA) quickly reached $10 billion in assets within 251 days, making it the third-fastest fund to achieve this milestone, following Bitcoin ETFs from BlackRock and Fidelity. Despite initial uncertain performance, analysts predict significant future growth in crypto ETFs, particularly as firms explore in-kind redemption options. Meanwhile, MicroStrategy aims to raise up to $2.5 billion through a preferred stock offering to further increase its Bitcoin holdings, amidst ongoing lawsuits concerning previous stock offerings. In contrast, MARA Holdings has announced a $950 million debt raise, which caused a 12% drop in its stock price, although some analysts see potential in the company's strategy that balances debt issuance with acquiring Bitcoin. Overall, the crypto market is witnessing dynamic movements as companies adapt their strategies for growth in unstable conditions, highlighting the contrasting approaches of major players in the industry.

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