The post Bitcoin, Ethereum, and Solana ETFs See Strong Inflows appeared first on Coinpedia Fintech News
U.S. spot Bitcoin ETFs saw $714M in net inflows on Nov. 28, led by ARKB at $88.04M from Ark Invest & 21Shares. Spot Ether ETFs added $76.55M, marking five consecutive inflow days after recent outflows. Solana spot ETFs gained $5.37M, extending positive trends despite earlier monthly volatility like Bitcoin’s $3.79B November outflows overall.


Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more
