BlackRock's Ethereum ETF (ETHA) quickly became the third-fastest ETF to reach $10 billion in assets, achieving this milestone in 251 days. This surge comes despite an initial lukewarm reception when it launched last year. In other news, MicroStrategy is set to raise up to $2.5 billion through a preferred stock offering aimed at increasing its Bitcoin holdings while facing class-action lawsuits. MARA Holdings has also faced hurdles, with its stock dropping 12% after announcing a $950 million debt raise, which will be allocated for operational expenses and acquisitions, rather than solely for Bitcoin purchases. Analysts have varied perspectives, with some seeing the dip in MARA’s stock as a minor issue worth upgrading, partially due to Bitcoin’s strong performance. Overall, the current market dynamics reflect an encouraging trend for Bitcoin and Ethereum ETFs, along with substantial institutional interest and innovation within the crypto space.

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