BlackRock's Ethereum ETF (ETHA) has rapidly reached $10 billion in assets, becoming one of the fastest ETFs to achieve this milestone in 251 days. This growth follows a slower demand during the Ethereum ETF's launch compared to Bitcoin ETFs, which generated significantly higher trading volumes. Meanwhile, MicroStrategy is looking to raise up to $2.5 billion through a preferred stock offering to augment its Bitcoin holdings, despite facing class-action lawsuits related to previous stock offering terms. In contrast, Marathon Digital Holdings (MARA) faced a 12% drop in stock value after announcing an $850 million debt raise intended for various operational needs, not solely Bitcoin purchases. Analysts remain cautiously optimistic about MARA's strategy despite its recent struggles. The shift in capital dynamics and the introduction of Bitcoin and Ethereum-backed loans by JP Morgan highlight the evolving landscape within the cryptocurrency market, reflecting both institutional interest and ongoing volatility.

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