BlackRock's Ethereum ETF (ETHA) achieved a significant milestone by reaching $10 billion in assets within 251 days, making it the third-fastest ETF to do so. This move comes amidst skepticism in July 2024 when spot Ethereum ETFs launched without the same enthusiasm as Bitcoin ETFs, which had $4.5 billion in trading volume. Meanwhile, MicroStrategy is raising up to $2.5 billion through a preferred stock offering to expand its Bitcoin holdings, despite ongoing legal challenges related to its previous offerings. MARA Holdings saw its stock drop 12% after announcing a $950 million debt raise to fund various operations, including acquisitions and expansion, versus solely focusing on Bitcoin purchases. Analysts suggest that while MARA's stock dipped, its long-term strategy could benefit from Bitcoin's recent price performance. Furthermore, the potential introduction of in-kind redemptions for Bitcoin and Ethereum ETFs may drive further interest in cryptocurrency investment products, although regulatory concerns persist.

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