In a significant week for the cryptocurrency market, BlackRock's Ethereum ETF (ETHA) reached $10 billion in assets, making it the third-fastest ETF to achieve this milestone in 251 days, following Bitcoin ETFs. Meanwhile, MicroStrategy plans to raise up to $2.5 billion through a new preferred stock offering to expand its Bitcoin holdings, even amid ongoing class-action lawsuits. MARA Holdings, the top Bitcoin miner, saw its stock fall 12% after announcing a $950 million debt raise for operational and acquisition purposes, rather than direct Bitcoin purchases. Analysts believe the declining stock could rebound, with expectations that MARA will maintain its Bitcoin holdings and continue its aggressive acquisition strategy. Overall, the cryptocurrency landscape is reacting to both regulatory shifts and the performance of major players, indicating growth potential, especially for ETFs and institutional investments in crypto assets.

Source 🔗