ChainCatcher report: CME Group has announced the launch of a cash-settled Bitcoin volatility futures contract, scheduled to go live on June 1 (subject to regulatory approval). The product is based on the 30-day implied volatility index (BVX), enabling traders to trade or hedge against Bitcoin volatility without taking a position on price direction. The new contract is expected to carry the ticker BVI, with a contract multiplier of $500 times the index value, designed to provide the market with a more refined risk management tool.
CME to Launch Bitcoin Volatility Futures for Non-Directional Trading
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Summary
CME Group will launch Bitcoin volatility futures on June 1, subject to regulatory approval. The product, based on the 30-day implied volatility index (BVX), enables traders to hedge against Bitcoin volatility without taking directional price exposure. Coded as BVI, the contract uses a multiplier of $500 times the index value. This move introduces a new tool for managing risk in altcoins to watch.
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