BlackRock's Ethereum ETF (ETHA) achieved $10 billion in assets in just 251 days, becoming the third-fastest ETF to reach this milestone. MicroStrategy is also raising up to $2.5 billion through a new preferred stock offering to purchase more Bitcoin, while navigating lawsuits related to stock offering amendments. Meanwhile, MARA Holdings saw its stock drop 12% following a $950 million debt raise, meant for operational expansion rather than solely Bitcoin purchases. Analysts view this dip as minor, with positive feedback regarding Bitcoin's performance, but caution against potential market setbacks in August. The growth of crypto ETFs is expected to accelerate as issuers may offer in-kind share transactions. In a related development, JP Morgan is considering allowing clients to use Bitcoin and Ethereum as collateral for loans, signaling a shift in traditional finance's perception of cryptocurrencies. The market continues to be volatile, with fluctuations in major cryptocurrencies and ongoing concerns regarding regulatory frameworks.

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