Summary
- CME Group is pursuing the launch of bitcoin volatility futures and is targeting a June 1 listing.
- The product will track the CME CF Bitcoin Volatility Index rather than bitcoin’s price, and is designed to reflect expected volatility over the next four weeks.
- Market participants say the product could expand institutional demand for bitcoin volatility hedging and directional trading.
Forecast Trend Report by Period
CME Group is moving to launch bitcoin volatility futures.
BlockBeats, a digital-asset news outlet, reported on May 10 that CME is targeting a June 1 listing for the product. The contract is awaiting regulatory approval.
The product will track the CME CF Bitcoin Volatility Index rather than bitcoin’s price. It is designed to reflect the market’s expected bitcoin volatility over the next four weeks.
The launch could expand institutional demand for bitcoin volatility hedging and directional trading, according to market participants. 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.
