BlackRock's iShares Ethereum Trust (ETHA) has surged to $10 billion in assets, making it the third-fastest ETF to hit this milestone in just 251 days. Despite an initially lukewarm response compared to Bitcoin ETFs, growing interest suggests favorable regulatory outcomes for crypto ETFs could further accelerate this trend. Meanwhile, MicroStrategy is raising up to $2.5 billion in a preferred stock offering to enhance its Bitcoin purchases amid ongoing class-action lawsuits. In contrast, MARA Holdings experienced a 12% drop in its stock price following an announcement of a $950 million debt raise for operational and acquisition purposes, which has raised concerns about its financial health despite significant Bitcoin holdings worth about $5.8 billion. Analysts view the drop as a potential overreaction, maintaining a neutral stance despite cautioning about seasonal volatility.

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