Bitcoin spiked suddenly around midday on Friday.
The cryptocurrency was trading up 9%, and at its best level in a month. 
Earlier Friday, Securities and Exchange Commissioner Robert Jackson said he expects a crypto exchange-traded fund at some point.  
Watch bitcoin trade live.

Bitcoin rocketed higher just ahead of the noon hour Friday, trading up about 9% to a one-month high near $3,682 a coin . The sudden surge developed without any real catalyst.

Bitcoin, the largest cryptocurrency by market cap, held a gain of close to 1% for most of Friday morning after Securities and Exchange Commissioner Robert Jackson told the Roll Call that at some point he expects a crytpo exchange-traded fund.

“Eventually, do I think someone will satisfy the standards that we’ve laid out there? I hope so, yes, and I think so,” Jackson said.

And late Thursday, the Litecoin Foundation and Beam Corporation announced a possible collaboration that would use Beam’s Mimblewimble…

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