CME Group to launch Nasdaq crypto index futures covering Bitcoin, Ether, XRP as daily volumes surge 43% this year
CME Group and Nasdaq are launching crypto index futures, offering broad market exposure to seven major digital assets.Summary
CME Group and Nasdaq are set to launch new crypto index futures on June 8, pending regulatory approval. These futures will be CME's first market-cap weighted digital asset contracts, allowing institutional investors to trade a single contract that tracks the seven largest cryptocurrencies by market capitalization, including Bitcoin, Ether, XRP, Solana, Cardano, Chainlink, and Stellar Lumens. This move comes as CME's crypto derivatives see significant growth, with year-to-date daily volumes up 43%. The contracts will be financially settled and available in both micro and large sizes, paying out in cash based on the Nasdaq CME Crypto Settlement Price Index. Nasdaq emphasized the index's design for transparent, governance-driven benchmarks, supporting evolving investor participation in cryptocurrencies.
(Source：Crypto Briefing)