BlackRock's Ethereum ETF (ETHA) has rapidly gained $10 billion in assets, becoming the third-fastest ETF to do so within 251 days. This contrasts with Bitcoin ETFs, which garnered significant attention earlier. Despite initial skepticism about Ethereum ETFs, increased demand and potential SEC approvals for in-kind share redemption may drive growth further. Meanwhile, MicroStrategy is raising up to $2.5 billion through a preferred stock offering to enhance its Bitcoin holdings, now valued at over $70 billion. Additionally, MARA Holdings’ stock fell by 12% following news of a debt issuance aimed at operational expenses rather than just Bitcoin purchases. Analysts predict future market adjustments, highlighting the potential for both challenges and opportunities in the current Bitcoin mining landscape.

Source 🔗