BlackRock's Ethereum ETF (ETHA) quickly amassed $10 billion in assets within 251 days, becoming the third-fastest ETF to reach this milestone, despite an initially lukewarm reception. Meanwhile, MicroStrategy is raising up to $2.5 billion through a preferred stock offering to increase its Bitcoin reserves, facing legal challenges regarding amendments to previous offerings. MARA Holdings' stock dropped 12% following the announcement of a $950 million debt raise, intended for operational costs and strategic acquisitions, not solely Bitcoin purchases. Analysts believe that the potential approval of in-kind redemption for Bitcoin and Ethereum ETFs by regulators could further expedite crypto ETF growth. Additionally, companies are optimistic about greater engagement in the market, despite the volatility. The article highlights the shifting dynamics among major market players in the crypto sector, focusing on fundraising, stock performance, and regulatory possibilities.

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