Let’s take a closer look at how the crypto market is preparing to close September.
As 16 applications are waiting for the decision from the US SEC, Nate Geraci, president of NovaDius Wealth Management, claimed that the coming weeks will be “enormous” for spot crypto ETFs.
The SEC’s rulings could unleash a wave of new crypto exchange-traded funds tied to major altcoins such as Solana (SOL), XRP, Litecoin (LTC), and even Dogecoin (DOGE). Each application has a final deadline scheduled across the month.
Bitcoin is trading at $111,721 (+2% over the last 24 hours) and nearing the key resistance level at $112,500 after a sharp weekend rally.
Improved market sentiment has fueled this momentum. If sustained, the trend could see BTC break above $112,500 and aim for $115,000, helping it recoup recent losses and restore investor confidence.
