CME Group to Launch Cash-Settled Bitcoin Volatility Futures on June 1, Ticker BVI

According to CME Group, the exchange will launch cash-settled Bitcoin volatility futures on June 1, pending regulatory approval. The contracts, trading under ticker BVI, will allow traders to hedge and speculate on Bitcoin’s volatility without taking a directional price bet. The futures will be sized with a multiplier of $500 × the BVX index value and 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.