BlackRock's Ethereum ETF (ETHA) reached $10 billion in assets, making it the third-fastest ETF to achieve this milestone at 251 days, despite an initially subdued market reaction compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a preferred stock offering to bolster its Bitcoin holdings, currently valued at $70.6 billion with significant unrealized profits. Meanwhile, MARA Holdings experienced a 12% drop in stock price following the announcement of a $950 million debt raise, aimed at operational expenses and strategic acquisitions rather than solely Bitcoin purchases. Analysts remain cautiously optimistic about MARA’s future, with one upgrading its stock rating based on Bitcoin's performance. The article also touches on traditional financial institutions considering accepting Bitcoin and Ethereum as collateral, highlighting a potential shift in mainstream acceptance of cryptocurrencies.

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