BlackRock's Ethereum ETF, trading under the ETHA ticker, has become the third-fastest ETF to reach $10 billion in assets, achieving this milestone in 251 days. In contrast, the launch of spot Ethereum ETFs saw a lackluster initial reception compared to Bitcoin ETFs. Meanwhile, MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin whilst dealing with class-action lawsuits over previous amendments. MARA Holdings' stock dropped by 12% due to plans to raise $950 million in debt for operational purposes, not solely for Bitcoin purchases. Despite its significant bitcoin holdings valued at approximately $5.8 billion, the market is reacting cautiously. Analyst upgrades suggest that MARA’s decline is temporary, driven by Bitcoin's performance and the company's commitment to long-term strategies using their BTC assets. Overall, these developments point to a rapidly changing landscape in the cryptocurrency ETF and mining sectors.

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