BlackRock's Ethereum ETF reached $10 billion in assets in just 251 days, becoming the third-fastest ETF to achieve this milestone. In contrast, MicroStrategy is raising up to $2.5 billion through a new preferred stock offering aimed at acquiring more Bitcoin, while facing class-action lawsuits over previous amendments. MARA Holdings, a major Bitcoin miner, saw its stock drop 12% following news of an upsized $950 million debt raise, intended for operations and acquisitions rather than exclusively for Bitcoin purchases. The company currently holds Bitcoin worth approximately $5.8 billion, competing closely with its market cap of $6 billion. Despite these challenges, analysts maintain optimism about MARA's potential, citing Bitcoin's strong performance as a driver for future growth. Additionally, discussions about Bitcoin and Ethereum being used as collateral for loans are emerging, indicating an evolving perspective among traditional financial institutions regarding cryptocurrencies.

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