BlackRock's Ethereum ETF (ETHA) reached $10 billion in assets in just 251 days, becoming the third-fastest ETF to achieve this milestone, following Bitcoin ETFs from BlackRock and Fidelity. Despite initial reservations regarding Ethereum ETFs, investor confidence appears to be growing. Additionally, MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to expand its Bitcoin holdings amid ongoing class-action lawsuits regarding previous stock offerings. Meanwhile, MARA Holdings faced a 12% stock drop after announcing a $950 million debt raise primarily for operations and strategic acquisitions rather than solely for Bitcoin purchases. Analysts remain optimistic about MARA's long-term position, emphasizing its strategy of holding Bitcoin while engaging in yield-generating methods with its existing treasury. Overall, key movements in the crypto ETF market and strategic financial maneuvers by major players highlight the evolving landscape of cryptocurrency investments.

Source 🔗