Bitcoin prices have risen by 7% in the last 24 hours and by 32% in the last week. There is speculation that an exchange-traded product will be approved in coming weeks. Bloomberg Intelligence commodity strategist Mike McGlone predicted in late September that the SEC would approve a Bitcoin futures product "potentially by the end of October." After analysing current market activity, Mike Bucella, general partner at Crypto venture firm Blocktower, believes "folks are front-running a futures-based BTC ETF."