The BlackRock iShares Ethereum Trust (ETHA) has achieved $10 billion in assets under management, demonstrating accelerating institutional acceptance of Ethereum-based investment products fewer than nine months after approval. This milestone significantly outpaces the accumulation timeline of comparable early Bitcoin funds despite recent net outflows.
MicroStrategy announced plans to raise approximately $2.5 billion through a preferred stock offering to acquire additional Bitcoin, further expanding its dominant position among corporate holders. The company’s existing Bitcoin holdings show an unrealized gain of 1,519% at current valuations. In a parallel institutional development, JPMorgan is reportedly exploring the possibility of accepting Bitcoin as collateral for traditional banking services.
Separately, cryptocurrency mining firm MARA Holdings saw its stock price decline 12% following the announcement of a $950 million debt offering. This market reaction reflects investor apprehension toward miner leverage strategies. Industry analysts note that potential SEC approval of in-kind redemption models could further catalyze growth across cryptocurrency ETF products.