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CME Targets June 1 Launch for Bitcoin Volatility Futures, Pending CFTC Review
CME Group announced plans to expand its digital asset product line. The exchange said Bitcoin Volatility Futures would be regulated futures contracts. The contracts will settle to the CME CF Bitcoin Volatility Index. The index tracks 30-day expected Bitcoin volatility. The contract size will be $500 times the index value. This structure gives traders a direct way to trade Bitcoin volatility. CME said the product is still pending regulatory review. Therefore, the planned June 1 launch depends on CFTC clearance. BVX Index Will Track Bitcoin Options Data: The CME CF Bitcoin Volatility Index is also known as BVX. It uses ... (full story)