Bitcoin jumps as ETF hopes drive the token to $30,000

• Bitcoin jumped as high as $30,000 on Friday, hovering about 4.5% higher in early trading.
• The token spiked 10% briefly on Tuesday after a false report said the SEC approved BlackRock’s spot bitcoin ETF.
• Bullishness around a the spot bitcoin ETF is high, with calls growing for the SEC to sign off on a first-ever fund. 

Bitcoin moved above $30,000 on Friday, spiking above the closely watched threshold before paring some gains, as a week of bullishness around a spot bitcoin ETF helps push the token higher. 

Bitcoin traded 4.5% higher, around $29,613, at 9:45 a.m. in New York. The world’s largest cryptocurrency is close to a 10% gain for the week.