CME Group to launch cash-settled bitcoin volatility futures

CME Group is set to launch new cash-settled bitcoin volatility futures on June 1, pending regulatory approval. These contracts will allow market participants to trade and hedge against bitcoin's volatility without taking direct price positions. The futures will be based on the CME CF Bitcoin Volatility Index (BVX), a real-time measure of 30-day implied volatility.

By providing a regulated tool for risk management, the product aims to cater to both institutional and individual investors. Industry experts, including CME Global Head of Cryptocurrency Products Giovanni Vicioso and CF Benchmarks CEO Sui Chung, believe this development represents a significant step in the maturation of bitcoin as a financial asset, similar to volatility products available for traditional commodities like oil and gold.

(Source：The Block)