On Friday morning, bitcoin was up 2.5% to trade at $58,884. The cryptocurrency’s all-time high currently stands at around $62,000, which it reached back in April of this year. The world’s second largest crypto by market cap, ethereum, was up by around 4% to trade at $3,753.

While the SEC is yet to make any comment, there has been widespread speculation on the SEC approving bitcoin ETFs, prompted by a tweet posted by the SEC’s investor education office on Thursday. The tweet said, “before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.”

Meanwhile, Bloomberg reported that the SEC “is poised to allow the first US bitcoin futures exchange-traded fund to begin trading in a watershed moment for the cryptocurrency industry”, with the article citing people familiar with the matter.