BlackRock's Ethereum ETF (ETHA) has quickly reached $10 billion in assets, outperforming expectations by becoming the third-fastest ETF to achieve this milestone within 251 days. In contrast, Bitcoin ETF issuers such as BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund reached this mark in 34 and 53 days, respectively. MicroStrategy is seeking to raise up to $2.5 billion through a new preferred stock offering to fund further Bitcoin purchases, while also facing class-action lawsuits. Meanwhile, MARA Holdings has seen its stock drop by 12% following a $950 million debt announcement meant for operational costs and acquisitions rather than solely Bitcoin purchases.
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