October 17, 2025 06:25:39 UTC
Bitcoin and Ethereum ETFs are seeing major outflows as investor sentiment cools
On October 16 (ET), the crypto ETF market faced significant pullbacks, signaling a dip in investor confidence. Spot Bitcoin ETFs recorded a massive total net outflow of $536 million, with none of the twelve funds posting inflows. Meanwhile, spot Ethereum ETFs were also in the red, with total net outflows of $56.88 million. The only exception was BlackRock’s ETHA, which attracted modest net inflows. The synchronized outflows from both Bitcoin and Ethereum ETFs signal a broader market cooldown as traders take profits amid rising volatility and uncertainty about the next market move.
October 17, 2025 06:25:39 UTC
CZ responds to QMMM exit scandal and calls for supervision of Crypto DAT
After reports surfaced that “the first DAT company, QMMM,” allegedly made off with investor funds, Binance founder Changpeng Zhao (CZ) weighed in on the controversy. In a post on CZ emphasized that such transparency measures should be mandatory for all BNB DAT investments by YZi Labs, spurring greater accountability in the fast-growing DAT sector. The move follows growing investor concerns over unregulated projects mishandling funds amid the industry’s continued expansion.
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