Daily Report | 5 Ethereum Spot ETF Issuers Have Submitted Revised 19B-4 Filings for Ethereum Spot ETFs; Trump: Will Accept Cryptocurrency Political Donations, Including Dogecoin and Shiba Inu; Grayscale ETHE Negative Premium Hits Lowest Since December 2021 as Spot ETF Approval Expectations Rise

Compiled by: Luan Peng, ChainCatcher

Important News:

• Five Ethereum spot ETF issuers have submitted revised 19B-4 filings for Ethereum spot ETFs
• Data: Yesterday, the US Bitcoin spot ETF saw a net inflow of $307 million, marking seven consecutive days of net inflows
• Trump: Will accept political donations in cryptocurrency, including Dogecoin and Shiba Inu
• Data: The trading volume of six virtual asset spot ETFs in Hong Kong reached HKD 27.46 million today
• Foreign media: Do Kwon met with the Prime Minister of Montenegro before his arrest, possibly reaching a deal
• Grayscale ETHE's negative premium rate hits its lowest since December 2021, driven by rising expectations of spot ETF approval
• Bitcoin Policy Institute launches peer-to-peer rights fund to defend Bitcoin decentralization

"What important events happened in the past 24 hours"

Five Ethereum spot ETF issuers have submitted revised 19B-4 filings for Ethereum spot ETFs

Bloomberg senior ETF analyst James Seyffart posted on social media: "Five potential Ethereum spot ETF issuers have submitted proposed revised 19B-4 filings for Ethereum spot ETFs to the US Securities and Exchange Commission (SEC) through the Chicago Board Options Exchange (Cboe BZX), including: Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin."

Grayscale ETHE's negative premium rate hits its lowest since December 2021, driven by rising expectations of spot ETF approval

According to YCharts data, the discount of Grayscale Ethereum Trust (ETHE) relative to its net asset value (NAV) has dropped to its lowest level since December 2021.Due to rising expectations of Ethereum spot ETF approval in the US, ETHE's negative premium rate narrowed to 6.66% on May 21.

Trump: Will accept political donations in cryptocurrency, including Dogecoin and Shiba Inu

According to The Block, US Republican presidential candidate Donald Trump announced that he will accept political donations in cryptocurrency.According to Trump's website, his 2024 campaign will accept cryptocurrencies such as Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu.

Bitcoin Policy Institute launches peer-to-peer rights fund to defend Bitcoin decentralization

According to Bitcoin.com, the Bitcoin Policy Institute, a Bitcoin think tank founded by David Zell and Grant McCarthy, has launched a peer-to-peer rights fund to defend Bitcoin's decentralization.

Foreign media: Do Kwon met with the Prime Minister of Montenegro before his arrest, possibly reaching a deal

According to Protos citing Montenegrin media, Terraform co-founder Do Kwon and former executive Han Chang-joon purchased a luxury apartment in Belgrade, Serbia, before heading to Montenegro. They may have met with Montenegrin Prime Minister Milojko Spajić before their arrest. Former Montenegrin Prime Minister and current MP Dritan Abazović said that the two might have been interacting with Serbian elites and evading law enforcement, with larger schemes in mind.

Several US House Democrats publicly support the crypto bill FIT21

According to CoinDesk, the US House of Representatives is set to vote on comprehensive cryptocurrency legislation on Wednesday, expected to pass with bipartisan support. Some Democrats are urging their colleagues to vote in favor. According to a memo shared by congressional aides, at least eight House Democrats have publicly supported the "21st Century Financial Innovation and Technology Act" (FIT21). The bill is scheduled for a full discussion and vote later on Wednesday.

Yangzhou issues "Metaverse Industry Cultivation and Development Action Plan (2024-2026)"

According to the official website of the Jiangsu Provincial Government, Yangzhou recently issued the "Metaverse Industry Cultivation and Development Action Plan (2024-2026)," aiming to achieve a metaverse-related industry scale of 10 billion yuan by 2026, driving the city's software and information service industry revenue to exceed 20 billion yuan through the implementation of four major actions.

Data: Yesterday, the US Bitcoin spot ETF saw a net inflow of $307 million, marking seven consecutive days of net inflows

According to HODL15Capital monitoring, the US Bitcoin spot ETF saw a net inflow of $307 million (4,408 BTC) yesterday, marking seven consecutive days of net inflows.

Matrixport: ETH sets record for largest single-day volatility

Matrixport posted on the X platform that ETH has just set a record for the largest single-day volatility, possibly due to the news on May 20 that the SEC might approve an ETH ETF. The previous largest volatility was concentrated in May 2021, when DeFi trading volume was near its peak, and ETH staking was in high demand. The two major volatilities so far in 2024 have been mainly policy-driven (related to the SEC and FOMC meetings).

Data: The trading volume of six virtual asset spot ETFs in Hong Kong reached HKD 27.46 million today

As of today's (May 22) market close, the total trading volume of the first six virtual asset spot ETFs issued in Hong Kong was HKD 27.46 million. Among them: Huaxia Bitcoin ETF (3042.HK) had a trading volume of HKD 9.22 million; Huaxia Ethereum ETF (3046.HK) had a trading volume of HKD 10.60 million; Harvest Bitcoin Spot ETF (3439.HK) had a trading volume of HKD 2.07 million; Harvest Ethereum Spot ETF (3179.HK) had a trading volume of HKD 1.28 million; Bosera HashKey Bitcoin ETF (3008.HK) had a trading volume of HKD 1.22 million; Bosera HashKey Ethereum ETF (3009.HK) had a trading volume of HKD 3.04 million.

"What are some interesting articles worth reading in the past 24 hours"

Attracting nearly $1 billion in investment in April, with 3 million daily active users, is the bull market for Web3 games coming?

Web3 games seem to be entering a strong recovery phase.

Recently, with the launch of the social mini-game Notcoin (NOT) on both Binance and OKX, backed by 900 million active Telegram users, Web3 games have once again attracted significant attention in the crypto market.

Reflections on Ethereum governance: Why are people unhappy with the EIP-3074 incident?

The EIP-3074/EIP-7702 incident in Ethereum reveals the complexity of its governance structure: besides the formal governance process, the informal roadmaps proposed by researchers also have a significant impact.

Cryptocurrency wars: BTC's Pizza, the ambition of crypto dollars

Global currency is a huge interest: to obtain it, the US government, in collaboration with Wall Street, aims to use the digital crypto payment market created by Bitcoin to further expand the dominance of the US dollar.

Trump wants to be America's first "Bitcoin President"

In addition to showing a friendly attitude towards cryptocurrencies, Trump may also be the first presidential candidate to personally participate in the cryptocurrency industry.