The price of Bitcoin jumped towards its all-time high on Friday morning
The price of Bitcoin jumped towards its all-time high on Friday morning after a Bloomberg report said the US Securities and Exchange Commission (SEC) is set to allow a US Bitcoin Futures ETF to begin trading next week, citing people familiar with the matter. Hopes that a Bitcoin futures ETF would be approved by the SEC have supported the price in recent weeks. Some exchanges show the world’s largest cryptocurrency reached $60,000 on Friday morning following the Bloomberg story. Bitcoin previously hit an all-time high in April of $64,778.
The approval of a Bitcoin ETF would give more opportunity to traders willing to invest in cryptocurrencies without the risk of buying the physical asset and is seen as a major stepping stone on the path for cryptocurrencies to become a mainstream financial market asset.
There are a number of fund managers with applications for a Bitcoin futures ETF including ProShares, Valkyrie, Invesco, and VanEck. Earlier this week, Cathie Wood’s ARK Invest also filed for a Bitcoin futures ETF.
SEC Tweet
Further adding weight to the argument that the first Bitcoin futures ETF will begin trading was a tweet from the SEC’s Investor Education Office.
“Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits,” the tweet said.
It is worth nothing that one of the previous times the SEC tweeted out this bulletin was two days prior to the Bitcoin Strategy Mutual Fund BTCFX begun trading. Some analysts have taken this as a signal that a Bitcoin futures ETF will begin trading imminently. At 11:00BST, Bitcoin was trading just off its daily high at $59,366.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 77.6% | 42 | $57 397.14 | 5.51% | -0.13% | $1 084 001 374 692 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78.8% | 32 | $4 325.04 | 6.69% | 3.38% | $512 656 495 446 |  |
|
| 3 |  BNB |
Binance Coin predictions | 73.6% | 53 | $609.29 | 4.33% | 7.07% | $101 630 227 689 |  |
|
| 4 |  USDT |
Tether predictions | 96% | 1 | $1.000997 | 0.02% | -0.01% | $73 194 134 956 |  |
|
| 5 |  SOL |
Solana predictions | 69.2% | 65 | $203.84 | 7.44% | -8.23% | $61 976 513 439 |  |
|
| 6 |  ADA |
Cardano predictions | 68.8% | 60 | $1.59 | 5.99% | -11.72% | $52 852 892 795 |  |
|
| 7 |  XRP |
XRP predictions | 74.8% | 51 | $0.987767 | 7.45% | -5.41% | $46 582 102 093 |  |
|
| 8 |  USDC |
USD Coin predictions | 91.2% | 2 | $0.998878 | -0.13% | -0.10% | $38 347 542 030 |  |
|
| 9 |  DOT |
Polkadot predictions | 62.4% | 75 | $36.25 | 8.95% | -9.51% | $35 798 276 399 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 61.6% | 74 | $0.205694 | 2.60% | -7.52% | $27 214 125 290 |  |
|
| 11 |  AVAX |
Avalanche predictions | 62% | 75 | $112.35 | 3.84% | -16.51% | $25 147 340 195 |  |
|
| 12 |  SHIB |
SHIBA INU predictions | 63.2% | 77 | $0.000039 | 3.61% | -9.86% | $21 537 353 661 |  |
|
| 13 |  CRO |
Crypto.com Chain predictions | 57.2% | 90 | $0.766272 | 1.87% | 10.94% | $19 358 331 922 |  |
|
| 14 |  LUNA |
Terra predictions | 62.8% | 72 | $49.02 | 8.15% | 18.38% | $19 258 363 664 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 78% | 46 | $56 525.74 | 5.34% | -1.06% | $14 327 926 572 |  |
