BlackRock's Ethereum ETF (ETHA) has quickly surged to $10 billion in assets, making it the third-fastest in history to reach this milestone within 251 days. This swift growth follows a lukewarm initial performance compared to Bitcoin ETFs. Meanwhile, MicroStrategy is planning to raise up to $2.5 billion through a new preferred stock offering to bolster its Bitcoin holdings, even as the company faces class-action lawsuits over its previous stock offerings. On the other hand, MARA Holdings' stock dropped 12% after announcing a $950 million debt raise, which will partly fund operations and acquisitions rather than solely purchasing Bitcoin. Analysts suggest that the market dip for MARA may be temporary, with potential for recovery, especially as the mining company continues to prioritize holding rather than selling Bitcoin. Additionally, there are potential changes in SEC regulations that could allow ETFs to offer redemptions in underlying cryptocurrencies, a feature viewed favorably by investors. The cryptocurrency landscape is rapidly evolving, with BlackRock and MicroStrategy at the forefront of significant market movements.

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