On November 12, 2024, significant bullish sentiment in the cryptocurrency market led to record inflows into ether and bitcoin exchange-traded funds (ETFs). Ether U.S. spot-listed ETFs experienced net inflows of nearly $296 million, marking their highest since launch. Bitcoin ETFs saw an even larger inflow of $1.1 billion, propelling its market cap to a record $1.78 trillion and surpassing silver as the world's eighth-largest asset. The iShares Bitcoin Trust (IBIT) received the majority of the inflow at $765.5 million, while Fidelity's FBTC garnered $135.1 million. There are now $84 billion in U.S. spot bitcoin ETFs, indicating a potential to outpace gold ETFs soon. Furthermore, shares of Microstrategy, known for its substantial bitcoin holdings, soared, and Coinbase's stock also reached a peak not seen since late 2021. Bitcoin was trading at $88,000 and ether at $3,400 by the article's publication time, underscoring the day's intense trading activity, which was highlighted as comparable to past market events due to its unprecedented volume and investor engagement.

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