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U.S. Bitcoin, Ether, and Solana funds lose $1.25B amid key network upgrades and custody launches in October

Market News
16 Oct 2026, 18:28 WIB
Tokenpost
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Bearish
U.S. Bitcoin, Ether, and Solana funds lose $1.25B amid key network upgrades and custody launches in October

U.S. spot funds for Bitcoin, Ether, and Solana saw withdrawals totaling $1.25 billion from October 5 to 9, reflecting investor caution ahead of major network and custody milestones. Solana’s Alpenglow upgrade aims to speed transaction finality to 150 milliseconds, with mainnet activation expected on October 21. Chainlink introduced CCIP 2.0 for enhanced cross-chain transfers, while Standard Chartered launched institutional custody for Ripple USD stablecoin, expanding digital asset services. These developments highlight ongoing innovation and regulatory progress in the crypto space.

Bitcoin trades at Rp1.460.300.828 on Pluang, down 1.12% as of October 16, 2026, 22:42 WIB, showing some investor caution consistent with recent large withdrawals from BTC, ETH, and SOL funds. Solana is priced at Rp1.875.560 with a 0.70% decline, while Chainlink stands at Rp221.797, down 0.73%. These price movements occur alongside ongoing network upgrades and new institutional services in the crypto space.

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