Bitcoin Surges Past $30K on Hopes for SEC Approval of Bitcoin ETFs

Bitcoin surpassed $30,000 on Friday for the first time since August amid hopes for SEC approval of bitcoin ETFs.

Prices have been rising all week as investors expect the SEC to approve "spot" bitcoin ETFs soon.

The SEC previously refused to approve spot bitcoin ETFs but may change course after losing a court case with Grayscale.

Grayscale has been trying for years to convert its bitcoin trust to an ETF.

Most expect the SEC to approve a spot bitcoin ETF by January 10th, the deadline to respond to certain applications.