Bitcoin Hovers Near 6-Month High on ETF Hopes, Inflation Worries

Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture on Feb. 3, 2018. Dado Ruvic/Illustration/Reuters

TOKYO—Bitcoin hovered near six-month highs on Monday in anticipation of the listing of the first futures-based bitcoin exchange-traded funds (ETF) in the United States, which investors hope will boost cryptocurrency trading volumes.

If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bitcoin Strategy ETF completes a 75-day period since the fund manager filed plans and could begin trading on Tuesday.