Summary
- CME Group said it is seeking to launch bitcoin volatility futures.
- The product is designed to track the CME CF Bitcoin Volatility Index and reflect expected volatility over the next four weeks.
- The launch could broaden institutional demand for bitcoin volatility hedging and directional trading.
Forecast Trend Report by Period
CME Group, the largest derivatives exchange in the US, is seeking to launch bitcoin volatility futures.
BlockBeats, a crypto-focused media outlet, reported on May 10 that CME plans to list the contracts on June 1. The product is awaiting regulatory approval.
The contracts will track the CME CF Bitcoin Volatility Index rather than the price of bitcoin itself. They are designed to reflect the market's expected bitcoin volatility over the next four weeks.
The launch could broaden institutional demand for bitcoin volatility hedging and directional trading, according to the report. CME already offers bitcoin and ether futures and options.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
