CME Group Plans BVX-Based Bitcoin Volatility Futures as a Regulated "Fear Gauge"

CME Group says it is preparing to introduce Bitcoin Volatility futures tied to the CME CF Bitcoin Volatility Index (BVX), with the contracts still awaiting final approval from the CFTC. The BVX is described as a 30-day measure of expected BTC volatility derived from CME options data, enabling market participants to trade volatility rather than price direction.