BlackRock’s iShares Ethereum Trust (ETHA) has reached $10 billion in assets under management in just 251 days, making it the third-fastest ETF to hit this milestone. This growth contrasts sharply with the more sluggish debut of Bitcoin ETFs earlier in 2024, igniting investor interest in crypto ETFs. In a parallel development, MicroStrategy is planning to raise up to $2.5 billion through a preferred stock offering to purchase more Bitcoin, despite facing legal challenges regarding previous stock offerings. Meanwhile, MARA Holdings, a leading Bitcoin miner, announced an upsize of its debt offering to $950 million, prompting a notable drop in share prices. The funds raised will support operational expenses and strategic acquisitions rather than exclusively buying Bitcoin. Analysts see the downward movement as temporary, suggesting the stock may recover in the near future. Overall, this week highlights significant steps by major players in the crypto market amidst ongoing legal and financial dynamics.

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