Investors showed optimism toward cryptocurrencies as inflows into ether and bitcoin ETFs reached unprecedented levels.

On Monday, ether U.S. spot-listed exchange-traded funds (ETFs) achieved the highest net inflow since their launch, accumulating nearly $296 million. Meanwhile, bitcoin eclipsed silver, becoming the eighth largest asset in the world by market capitalization.

Ethereum ETF inflows skyrocketed to record levels, totaling approximately $295.5 million, attributed mainly to BlackRock’s ETHA and Fidelity’s FETH, which each attracted around $100 million. In tandem, bitcoin ETFs tallied a remarkable $1.1 billion in inflows, marking the second-highest figure on record according to SoSoValue data.

Eric Balchunas, a senior analyst at Bloomberg, remarked, "Assets in the US spot bitcoin ETFs are now up to $84 billion, close to gold ETFs' assets. There's a probability they will surpass gold before their first anniversary."

Furthermore, the shares of MicroStrategy, the public company that holds the most bitcoin, reached all-time highs, while crypto exchange Coinbase saw its stock price exceed $320 for the first time since November 2021.

The total trading volume for the Bitcoin Industrial Complex (ETFs + MSTR, COIN) reached an impressive $38 billion on that day, highlighting the strong market activity.

As it stands, bitcoin’s price is $88,000, while ether trades around $3,400.