BlackRock's iShares Ethereum Trust (ETHA) has rapidly reached $10 billion in assets, becoming the third-fastest ETF to do so in 251 days. Despite a slow start compared to Bitcoin ETFs, interest is growing. Meanwhile, MicroStrategy aims to raise $2.5 billion through a new preferred stock offering to bolster its Bitcoin holdings, which have yielded a staggering 1,519.17% unrealized profit. However, the company is dealing with class-action lawsuits over prior stock offering amendments. MARA Holdings, a leading Bitcoin miner, announced a $950 million debt raise but faced a stock price drop due to investor concerns over its strategy. The funds will support not only Bitcoin purchases but also operational and debt commitments. Analysts predict that increased support for Bitcoin and Ethereum ETFs could be on the horizon as SEC approvals for redemption in underlying assets become likely. Overall, the crypto landscape continues being shaped by institutional moves and regulatory developments.

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