The shares of the U.S.’s first bitcoin-linked exchange traded fund saw a slight increase in trading on Tuesday.

It ProShares Bitcoin Strategy ETFLast up was ticker BITO’ at 3%. CME Bitcoin futures are contracts that speculate on bitcoin’s future prices. The fund does not track the actual crypto. The fund allows market participants access to the bitcoin market as well as direct exposure and hedge to Bitcoin pricing.

This means that investors in ETFs can expect their shares’ price and performance to be slightly different from what bitcoin is worth. Existing investors won’t like this because they aren’t able to buy physical bitcoins.

The cost of bitcoinCoin Metrics said Tuesday that the price was slightly higher at $62,864, up 2%, close to its record high of 64 899 on April 14. Bitcoin futures also gained around 2%.

“The fund seeks capital appreciation, primarily by managed exposure to Bitcoin futures contracts. ProShares says that the fund does not directly invest in bitcoin. This fund charges a fee of 0.95%.

ETDB.com reports that ProShares ranks eighth in terms of ETF providers by assets. ProShares is well-known for using leverage to track movements in specific indexes multiplied by certain amounts. ProShares executives rang at the NYSE to open the trading floor for the ETF.

Since many years, the crypto community has desired an ETF that is related to bitcoin. Asset managers started applying for spot bitcoin ETFs in 2017, but the Securities and Exchange Commission denied their requests. It stated that no one could show market resistance to manipulation. Soon after Gary Gensler became Chairman, the rush for applications to launch futures-based ETFs began.

Gensler explained that the U.S. Federal Regulator CFTC has overseen the product for the last four years. The Investment Company Act of 1941 is wrapping the product inside of CNBC, so investors have the ability to protect it. It’s still highly speculative and investors should be aware that it has the same volatility as speculation underneath.

A few argue that companies adopting crypto and other fintechs reduces the ETF’s impact, particularly one linked to futures contract. An investor can get exposure to bitcoin indirectly without having to own it. This includes institutional-grade funds as well as financial apps like Square’s CashApp or PayPal.