BlackRock's Ethereum ETF (ETHA) rapidly reached $10 billion in assets in just 251 days, becoming the third-fastest ETF to achieve this milestone, following BlackRock’s Bitcoin Trust and Fidelity’s Wise Origin. Meanwhile, MicroStrategy is aiming to raise up to $2.5 billion through a preferred stock offering to expand its Bitcoin holdings, despite facing class-action lawsuits regarding its previous stock offerings. Marathon Digital Holdings (MARA) announced a $950 million debt raise, leading to a 12% stock decline. The funds will support operations and acquisitions, not all earmarked for Bitcoin purchases. Analysts predict that the approval of in-kind redemptions for crypto ETFs may boost future growth. Although concerns persist about the complexities of crypto-based fund regulations, the market remains optimistic about ETF developments, particularly as Bitcoin and Ethereum assets see significant trading volumes. Other developments include JP Morgan's potential to allow Bitcoin and Ethereum use as loan collateral, and XRP's fluctuating market cap as it contended with broader market conditions.

Source 🔗