"CME Group plans to launch Bitcoin Volatility futures (BVI) on June 1, 2026, pending CFTC approval. CME's $500-per-contract BVI product gives institutions a regulated tool to trade bitcoin's implied volatility directly. The contracts will carry the ticker BVI and cash-settle to the CME CF Bitcoin Volatility Index Settlement, known as BVXS, CME detailed. That benchmark measures 30-day forward-looking implied volatility drawn entirely from real-time order book data on CME Bitcoin and Micro Bitcoin options."
"No spot prices. No over-the-counter data. Each contract is sized at $500 multiplied by the CME CF Bitcoin Volatility Index. Traders can go long or short on volatility expectations, which means a position can profit if implied volatility rises ahead of a halving, a regulatory decision, or a macro shock, without carrying any directional exposure to bitcoin's price."
"CME Global Head of Cryptocurrency Products Giovanni Vicioso explained that traders will be able to invest or hedge against the future volatility of bitcoin, giving them access to a critical new layer of risk management. Morgan Stanley's David Schlageter called it an important tool for market participants to better manage portfolio risk by directly trading volatility. CF Benchmarks CEO Sui Chung described the contract as a milestone in bitcoin's maturation as an asset class."
CME Group plans to launch Bitcoin Volatility futures (BVI) on June 1, 2026, pending CFTC approval. The contract is designed for institutional traders to trade bitcoin’s expected price swings through implied volatility independently of price direction. The product is cash-settled to the CME CF Bitcoin Volatility Index Settlement (BVXS), which measures 30-day forward-looking implied volatility derived solely from real-time order book data on CME Bitcoin and Micro Bitcoin options. The benchmark uses no spot prices and no over-the-counter data. The contract is sized at $500 multiplied by the CME CF Bitcoin Volatility Index, and traders can go long or short on volatility expectations for hedging or risk management.
Read at news.bitcoin.com
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