BlackRock's Ethereum ETF (ETHA) has rapidly reached $10 billion in assets, becoming the third-fastest ETF to achieve this milestone in 251 days. In contrast, the initial response to Ethereum ETFs was lukewarm compared to Bitcoin's earlier performance. Analysts suggest that the approval of in-kind share creation and redemption could further accelerate the growth of crypto ETFs. Meanwhile, MicroStrategy is launching a new preferred stock offering aimed at raising up to $2.5 billion to acquire more Bitcoin, despite facing a class action lawsuit related to previous stock amendments. On the other hand, Marathon Digital Holdings (MARA) announced an $850 million debt raise, which was later increased to $950 million, causing its shares to drop. Nonetheless, analysts upgraded MARA's stock rating, citing Bitcoin's solid performance. The article further touches on market developments, including JP Morgan considering accepting Bitcoin as loan collateral and XRP's fluctuating market capitalization.

Source 🔗