[Evening News Briefing] $25.79 Million Net Inflow into US XRP Spot ETF in One Day, and More

$25.79 million net inflow into US XRP spot ETF in one day

PANews reported, citing SosoValue data, that a total of $25,795,800 was net inflow into the U.S. XRP spot ETF on May 11 (U.S. Eastern Time).

The product with the largest inflow was the Franklin XRP ETF (XRPZ), with a daily net inflow of $13.62 million. The cumulative net inflow was recorded at $371 million.

Bitwise XRP ETF (XRP) recorded a net inflow of $7,587,800 in a single day, bringing the cumulative net inflow to $442 million.

As of the time of reporting, the total net assets of the XRP spot ETF are $1.184 billion, the XRP net asset ratio is 1.30%, and the cumulative net inflow is $1.351 billion.

$26.57 million net inflow into US SOL spot ETF in one day

PANews reported, citing SoSoValue data, that a total of $26,572,800 was net inflow into the SOL spot ETF on May 11, U.S. Eastern Time.

The product with the largest inflow was the Bitwise Solana Staking ETF (BSOL), with a daily net inflow of $21,623,000. The cumulative net inflow was recorded at $883 million.

The Fidelity Solana Fund ETF (FSOL) recorded a net inflow of $3,482,700 during the same period, bringing its cumulative net inflow to $165 million.

As of the time of reporting, the total net assets of the SOL spot ETF are $1.071 billion, the SOL net asset ratio is 1.90%, and the cumulative net inflow is $1.084 billion.

Senate expresses support for cryptocurrency clarity bill

U.S. Senator David McCormick announced on a live Fox News broadcast that he would vote in favor of the Bitcoin and cryptocurrency clarity bill this Thursday.

According to sources, Senator McCormick publicly expressed his support for the passage of the bill. This statement comes amid ongoing discussions within the U.S. Congress to overhaul the cryptocurrency regulatory framework.

Final text of the Cryptocurrency Clarity Act to be released

Pete Rizzo reported on X, citing remarks from a White House reporter, that the final text of the Bitcoin and Cryptocurrency Clarity Act is scheduled to be released today.

As this bill specifies regulatory standards for digital assets within the United States, the market is closely watching the provisions regarding exchanges, issuers, and regulatory bodies.

Circle Issues 250 Million USDC on Solana Network

PANews reported, citing SolanaFloor, that Circle issued approximately 250 million USDC on the Solana Network in the last 24 hours.

USDC is a dollar-pegged stablecoin issued by Circle, and its new issuance is interpreted as a factor expanding the network's liquidity.

Tron-based TRC20-USDT issuance hits all-time high

PANews reported on May 12 that the issuance of TRC20-USDT based on the Tron network surpassed 89.3 billion, setting a new all-time high.

So far this year, a total of 8 billion additional USDT have been issued on the Tron network. The number of accounts holding TRC20-USDT has exceeded 74.15 million, and the cumulative number of transactions has surpassed 3.36 billion.

The total number of Tron accounts recently surpassed 380 million. According to PaymentScan, a cryptocurrency payment card analysis platform, global cryptocurrency card transaction volume exceeded $650 million in April 2026, and the Tron network maintained its top position with a 32% market share.

TRC20-USDT is a dollar-pegged stablecoin issued by Tether on the Tron network. Based on low fees and fast transaction speeds, it is utilized by major exchanges and payment services.

Ark Invest Buys $5.5 Million Worth of Circle Stock

O'Daily reported, citing The Block, that Ark Invest, led by Cathie Wood, purchased approximately $5.5 million worth of Circle Internet Group stock, or 41,904 shares, through three ETFs: ARKK, ARKW, and ARKF on Monday.

This purchase marks the first time Arc Invest has added Circle stock since March 24. Earlier, Circle announced its first-quarter earnings, and the stock closed at $131.76, up 15.91%.

Currently, Circle accounts for the 6th largest share in ARKK at 4.6% and the 2nd largest share in ARKF at 6.66%.

Grayscale Files Application for Listing of Spot Zcash ETF

Grayscale has submitted an application to list the spot Zcash (ZEC) ETF.

According to O'Daily, Grayscale submitted an application to list a spot Zcash ETF on May 8. The product is known as the first privacy coin ETF to seek listing in the United States.

The co-founder of Multicoin Capital previously revealed that he has held a significant amount of ZEC since last February.

User assets worth 22.1 billion won frozen at 15 domestic virtual asset service providers that have suspended operations

It was found that 22.1 billion won in assets belonging to approximately 1.949 million users were frozen at 15 domestic virtual asset service providers that have suspended operations.

PANews reported, citing Yonhap News, that People Power Party lawmaker Kang Min-guk analyzed data from the Financial Supervisory Service and found that as of May 4, 15 domestic virtual asset service providers had suspended operations, resulting in a total of 22.1 billion won worth of user assets being frozen.

Of these, only six companies transferred their assets to the Digital Asset Protection Foundation, and the number of users who received their assets back through the foundation was 131, accounting for only 0.006% of the total. The returned amount was approximately 74.52 million won, which is about 0.3% of the total frozen assets.

Representative Kang pointed out that current laws lack mandatory regulations requiring service providers to transfer user assets to the foundation. He also noted that guidance on the foundation's return application procedures is insufficient and urged financial authorities to enact follow-up legislation to strengthen user protection.

U.S. Senate scheduled to vote on cryptocurrency market structure bill on May 14

According to PANews, investment bank TD Cowen announced that the U.S. Senate Banking Committee is scheduled to vote on the Clarity Act, a cryptocurrency market structure bill, on May 14.

Jarrett Sabregh, Managing Director at TD Cowen, explained that this vote does not mean the bill has passed, but rather that the stage for discussion is shifting to the entire Senate. He pointed out that stablecoin yields, ethics, and conflict of interest provisions remain key issues.

Even if the bill passes the Banking Committee, it must be merged with the Senate Agriculture Committee bill and secure 60 votes in the Senate plenary session. Seyberg analyzed that it would be difficult for Congress to coordinate the conflicting interests of Coinbase, the cryptocurrency industry, and the banking sector.

He viewed the ethics provisions regarding President Trump's family's cryptocurrency business as a particularly significant variable. Earlier, Seiberg predicted that the bill's passage would be delayed until 2027, and that the final rules could not be enforced until 2029.