BlackRock's Ethereum ETF (ETHA) has rapidly reached $10 billion in assets within 251 days, making it the third-fastest to achieve this milestone. In contrast, Bitcoin ETFs had a much stronger debut, generating $4.5 billion in trading volume compared to $1 billion for Ethereum funds. Analysts suggest the growth of crypto ETFs may accelerate further as issuers could receive SEC approval for in-kind share redemptions. Meanwhile, MicroStrategy is raising up to $2.5 billion through preferred stock offerings to enhance their Bitcoin reserves, amidst ongoing legal challenges related to previous stock amendments. Additionally, Marathon Digital (MARA) has seen its stock dip by 12% after announcing a $950 million debt raise intended for various operational and strategic purposes, rather than solely Bitcoin purchases. Although analysts have upgraded MARA's stock outlook, they caution investors about potential pullbacks in August. Overall, the rapid developments signify a dynamic crypto market, influenced by institutional interest and strategic capital raises.

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