BlackRock's Ethereum ETF (ETHA) has achieved a significant milestone by reaching $10 billion in assets in just 251 days, making it the third-fastest ETF to do so. Initially, the market reaction was muted compared to Bitcoin ETFs, but investor confidence appears to be rising now. Meanwhile, MicroStrategy is working to raise up to $2.5 billion through a preferred stock offering to purchase more Bitcoin, amidst ongoing class-action lawsuits regarding their stock amendments. In contrast, MARA Holdings announced a plan to raise $950 million, causing their share price to drop following news of their debt raise. The funds will not only be used for Bitcoin purchases but also for business operations and acquisitions. Despite the fluctuations, analysts remain somewhat optimistic about MARA, upgrading its stock rating thanks to Bitcoin's performance. Other market dynamics include potential loans backed by cryptocurrencies from JP Morgan and the volatile situation surrounding XRP's market cap.

Source 🔗