2025-07-02 Market Watch: Bitcoin nears ATH, Grayscale ETF approved, and more!

Here is what happened yesterday in the crypto market:

Grayscale Bitcoin ETF Approved by SEC

The SEC has approved Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into a spot ETF, including BTC, ETH, SOL, XRP and ADA. This move simplifies crypto investments for institutions.
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German Savings Banks to Offer Bitcoin Trading

Sparkassen, Germany’s network of public savings banks, plans to introduce cryptocurrency trading services for its 50 million customers by 2026, marking a significant step in mainstream adoption.
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Crypto Losses Exceed $2.47 Billion in First Half of 2025 Due to Hacks

Hackers stole over $2.47 billion in cryptocurrency in the first half of 2025, surpassing the total for all of last year, according to Certik. This highlights the growing need for enhanced security measures in the crypto space.
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Analysts Predict High Chance of SOL, XRP, and LTC ETF Approval

Analysts are now predicting a 95% chance of Solana, Litecoin, and XRP ETFs being approved by the SEC this year, signaling growing confidence in regulatory acceptance of diverse crypto investment products.
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Bitcoin Supply on Exchanges Dwindles, Signaling Potential Supply Shock

The percentage of Bitcoin held on crypto exchanges has dropped below 15%, a level not seen since 2018, potentially indicating a supply shortage and bullish market conditions.
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