SharpLink Gaming (SBET) stock soared 15.77% in pre-market trading on Monday, outperforming its peers in a broader rally of crypto-related stocks. The significant uptick in SBET's share price comes as investors show renewed enthusiasm for companies with ties to the cryptocurrency sector.

The crypto stock rally saw several companies posting substantial gains in early trading. Alongside SharpLink Gaming's impressive surge, other notable performers included Upexi, up nearly 15%, and BTCS, rising 12%. Industry giants like Coinbase also joined the upward trend with a more modest 2% increase.

This widespread rally in crypto stocks appears to be closely tied to the performance of major cryptocurrencies, particularly Ethereum. The second-largest cryptocurrency by market capitalization broke through the $3,700 barrier, trading at $3,741 with a 4.27% increase over 24 hours. Adding fuel to the positive sentiment, recent data from Farside revealed that U.S. Ethereum spot ETFs experienced a substantial net inflow of $2.1824 billion in the past week, potentially boosting investor confidence in Ethereum-related technologies and businesses like SharpLink Gaming.