CME sets June 8 for Nasdaq-backed crypto index futures covering seven assets in first weighted contract
Summary
CME Group has scheduled the launch of Nasdaq CME Crypto Index futures for June 8, pending regulatory review. This product marks the exchange’s first market-cap-weighted crypto futures offering, tracking seven assets including bitcoin, ether, Solana, XRP, Cardano, Chainlink, and lumens.
The contracts will be settled in U.S. dollars and are designed to provide investors with broad-based market exposure. According to Giovanni Vicioso of CME and Sean Wasserman of Nasdaq, the launch addresses institutional demand for regulated, transparent, and governance-backed benchmarks in the digital asset space. This release follows a previously missed mid-March launch window.
(Source:The Block)