Bitcoin Price Prediction: Will SEC’s First Multi-Asset ETF Approval Push BTC Touch $120K Again?

Grayscale Digital Large Cap Fund (GDLC), which includes BTC, ETH, XRP, SOL, and ADA, was approved by the U.S. Securities and Exchange Commission (SEC) on September 17, 2025. As the first multi-asset cryptocurrency exchange-traded product (ETP) to be approved by the SEC, it is expected to create a wave in the market, with various market observers predicting a push for BTC towards $120K.

The fund, which is now rebranded as Grayscale CoinDesk Crypto 5 ETF, began trading today, on September 19th. 77.5% of the fund consists of Bitcoin, which is currently at $116.7K, and analysts suggest that if it closes above $117,978, a climb toward $120,298 is likely, with potential for $125K–$130K in the weeks ahead. 

Additionally, the SEC’s new Generic Listing Standards, designed to fast-track future crypto ETP applications, will likely result in the approval of pending Exchange Trade Fund (ETFs) soon, adding to the surge. The fund is already 7.75% up today, with the stock price rising to 58.50 USD.  

Will SEC’s First Multi-Asset ETF Approval Push BTC Reach $120K? Detailed Analysis

Following the announcement, Bitcoin witnessed a surge, touching 117.89K. However, it is exhibiting a short downtrend now, trading at $116.7K. This means that there is no guarantee that an ETF approval could trigger a significant push rather than a small short-term uptrend. While the ETF’s launch is expected to increase institutional interest and market liquidity, which could positively influence Bitcoin’s price, analysts note that a significant price surge depends on various market factors.

According to Matt Hougan, the Chief Investment Officer of Bitwise, the launch of these ETFs does not guarantee significant investor inflows, emphasizing that sustained capital attraction depends on fundamental interest in the underlying cryptocurrency assets. However, as the foundation asset of the cryptocurrency industry, Bitcoin is expected to sustain the investors’ fundamental interest in it.

Market analysts suggest that a breakout above $117,978 could trigger a move toward $120K. While Bitcoin is in a bullish phase with no overbought indicators, it has fewer chances to close above $117,978 today. However, the rate cut by the Fed amidst the economic concerns, the integration of BTC into gaming and retail, and the growing optimism among institutions are potent ingredients in BTC’s $120K target.

Bitcoin’s Current Market Scenario – September 19, 2025

Bitcoin is now 6.12% down from its all-time high of $124,457.12. It is trading above the 200-day simple moving average, with 2.18% (medium) volatility and an overall bullish sentiment.

• Fear & Greed Index – Neutral (50)
• MACD – Bullish
• Bitcoin Dominance – 58.6%
• Ether Dominance – 13.4%
• Crypto ETFs Net Flow – + 120.6 million
• Altcoin Season – 71/100

Bitcoin Medium-Term Price Forecast: September to December 2025

According to the price prediction based on the technical analysis, market sentiment, and historical data, Bitcoin has the potential to cross $120K this month. Also, it has high chances to touch a maximum value of $144K by December 2025.

More ETF Approvals Could Trigger New BTC ATH, But Expert Analysis Sparks Downside Warnings

Various price predictions showcase optimism around Bitcoin, with market observers like CryptoMobese suggesting a breakout to $135K if it holds above $112.4K. According to NSquaredValue, patterns suggest that BTC has a 50% chance to touch $200K within 170 days. However, other analysts warn that an unexpected reversal could also happen.

The ongoing Iran-Israel tensions have sparked global economic insecurity, including a $97K downside risk to Bitcoin. If you plan to HODL or sell, try to do maximum research before finalizing the entry and exit points.

Grayscale CoinDesk Crypto 5 ETF: The GDLC Multi-Asset ETF Details

Grayscale CoinDesk Crypto 5 ETF, renamed from Grayscale Digital Large Cap Fund, allows U.S. investors to access a basket of the top 5 cryptocurrencies without directly owning them, in a 100% regulated and insured environment. The currencies include BTC, ETH, XRP, SOL, and ADA. More details follow.