CME Plans Cash-Settled Bitcoin Volatility Futures, Offering Non-Directional Exposure
CME Group said it will introduce a cash-settled Bitcoin volatility futures contract, with trading slated to begin June 1, pending regulatory approval. The contract will be linked to the 30-day implied volatility index BVX, allowing participants to trade or hedge Bitcoin volatility without taking a directional view on the cryptocurrency's price. The product is expected to trade under the ticker BVI, with a contract multiplier of $500 times the index level.