BlackRock's Ethereum ETF (ETHA) has swiftly reached $10 billion in assets, becoming the third-fastest ETF to do so in just 251 days. This follows a mixed initial reception compared to Bitcoin ETFs. Meanwhile, MicroStrategy is looking to raise up to $2.5 billion through a preferred stock offering, targeting additional Bitcoin purchases. MARA Holdings, a major Bitcoin miner, has faced a 12% drop in stock value after announcing a $950 million debt raise to finance operations and acquisitions, alongside potential Bitcoin purchases. Analysts note that while MARA's stock dipped, there’s confidence in its HODL strategy. Additionally, large Bitcoin movements are causing market fluctuations, with billions reportedly sold on exchanges recently. In regulatory developments, JP Morgan is contemplating allowing clients to use Bitcoin and Ethereum as collateral for loans, signaling a shift in traditional banking's stance toward cryptocurrencies. However, concerns remain regarding the complexities of crypto ETFs and ongoing class-action lawsuits involving MicroStrategy.

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