TOKYO (Reuters). The stock rose to a near six-month high Monday morning on the hope that U.S. regulators will soon permit cryptocurrency exchange-traded fund (ETF) trading. Global inflation concerns also supported the market.

Bitcoin was last seen at $62,359 on Friday, just short of its six-month peak of $62,944 (not far from its April record of $64,895).

Bloomberg News reports that the U.S. Securities and Exchange Commission will allow trading to start this week for the first American Bitcoin Futures ETF. This move is likely to increase investment in digital assets.

A majority of cryptocurrency traders expect that the U.S. approval for the first Bitcoin ETF will trigger an infusion of funds from institutional investors who are not able to invest right now.

Inflation worries are increasing, and so has bitcoin’s demand. This contrasts with the large number of currency currencies that central banks have issued in recent years, as they printed money to stimulate economies.

However, some analysts suggested that after the rally, bitcoin investors could sell on ETF news.

Chris Weston from Pepperstone, Australia, heads research. “The news about a suite futures-tracking eTFs isn’t new to those who follow the space closely. But it is not the game changer that some feel,” said Weston.

“We’ve been excited by a spot ETF before, and this may need more work on the regulation front.”