CME Group will launch cash-settled bitcoin volatility futures beginning June 1, pending regulatory approval. The contracts, trading under ticker BVI, will allow traders to hedge and speculate on bitcoin’s volatility directly without taking a directional price bet. The futures will settle to the CME CF Bitcoin Volatility Index (BVX), a real-time 30-day implied volatility measure derived from CME’s CFTC-regulated Bitcoin options order books. Each contract has a multiplier of $500 times the BVX index value.
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