BlackRock's Ethereum ETF, trading as ETHA, achieved $10 billion in assets after just 251 days, becoming the third fastest such fund to hit this milestone. MicroStrategy plans to raise $2.5 billion via a preferred stock offering to purchase more Bitcoin amid class-action lawsuits concerning previous offerings. In contrast, the stock price of Marathon Digital (MARA) fell sharply after announcing a $950 million raise for various operational purposes, including acquisitions, rather than solely for Bitcoin purchases. Investors remain optimistic about the growth of crypto ETFs, with analysts suggesting that issuers might receive SEC approval for in-kind redemption options that involve trading Bitcoin or Ethereum directly for ETF shares. Additionally, MARA's financial strategy focuses on holding Bitcoin rather than selling it, as indicated by a recent analyst upgrade despite MARA's stock dip.

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