PANews reported on October 23rd that, according to SoSoValue, Bitcoin spot ETFs saw a net outflow of $101 million on October 22nd, Eastern Time. BlackRock's IBIT bucked the trend with a net inflow of $73.6272 million, bringing its historical net inflow to $65.165 billion. Valkyrie BRRR saw a net inflow of $2.1376 million. Grayscale's GBTC saw a net outflow of $56.6288 million, bringing its historical net outflow to $24.555 billion.
As of now, the total net asset value of Bitcoin spot ETF is US$146.27 billion, accounting for approximately 6.81% of the total market value of Bitcoin, and the historical cumulative net inflow has reached US$61.874 billion.



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