The ETF debuted as second-highest traded fund ever.

The first Bitcoin-linked exchange-traded fund listed in the U.S. debuted as the second-most heavily traded fund on record, showing another interesting moment for the crypto industry. 

The ProShares Bitcoin Strategy ETF, trading under the ticker BITO, rose about 4.9% to USD 41.94. More than 24m shares changed hands Tuesday, according to data compiled by Bloomberg.

With a turnover of almost USD 1bn, BITO’s debut ranked only behind a BlackRock carbon fund for the first day of trading. Bloomberg also reported that options on BITO will begin trading on the NYSE Arca Options and NYSE American Options exchanges on Wednesday.

Meanwhile, Bitcoin made a run at its record high of just under USD 65,000.