Svmuu News CME Group announced the launch of cash-settled Bitcoin Volatility Futures, scheduled to go live on June 1 (pending regulatory approval).
The product is based on the 30-day implied volatility index (BVX), allowing traders to trade or hedge Bitcoin volatility without betting on price direction.
The new contract is expected to have the ticker symbol BVI, with a contract multiplier of $500 times the index value, aiming to provide the market with more refined risk management tools.