BlackRock's Ethereum ETF (ETHA) has rapidly reached $10 billion in assets, making it the third-fastest ETF to hit this milestone, achieving it in just 251 days. This comes amidst MicroStrategy's plans to raise up to $2.5 billion via preferred stock to acquire more Bitcoin, even as it faces class-action lawsuits due to amendments regarding previous stock offerings. Meanwhile, MARA Holdings' stock dropped by 12% after they announced a $950 million debt raise intended for operations and acquisitions rather than solely Bitcoin purchases. Analysts noted that Bitcoin ETF issuers like BlackRock and Fidelity might introduce in-kind share creation and redemption processes that could accelerate crypto ETF growth. As for MicroStrategy, the company's 607,770 Bitcoin is valued at $70.6 billion with a significant unrealized profit. The company's new offering is under scrutiny as legal challenges emerge regarding stockholder voting rights related to the previous Strike offering.

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