surged to a new all-time high Thursday, capping a run of more than 20 percent in April, as investors bet that an ETF based on the digital currency was back on the table.

Bitcoin rose as much as 3 percent to a record high of of $1,331.31, according to the CoinDesk Bitcoin Price Index. The previous high was $1,325.81, reached on March 10 just before the SEC rejected a bitcoin exchange-traded fund application, which sent the digital currency reeling.

The SEC said on Monday it is reviewing its decision to reject the Winklevoss Bitcoin Trust.