In an email sent to Bloomberg, Binance.US confirmed this crash, citing a bug as the cause of the event.
The retail behemoth started a pilot program with Coinstar earlier this month, by introducing 200 kiosks in its stores across the country, Bloomberg reported.
The BITO Bitcoin Futures ETF opened at $40.88 while over 24.313 million BITO were transferred, as ProShares celebrated the day by ringing a bell.
Grayscale announced that the NYSE Arca has filed for the conversion through Form 19b-4 with the SEC in a press release.