TechFlow News, May 6: According to The Block, CME Group plans to launch cash-settled 30-day Bitcoin volatility futures on June 1, pending regulatory approval. This product will allow traders to directly trade or hedge BTC volatility without taking a position on Bitcoin’s price direction.
The contract is expected to trade under the ticker symbol BVI, with a contract size of $500 multiplied by the BVX index value, and will be settled against the CME CF Bitcoin Volatility Index (BVX). BVX is a 30-day implied volatility metric calculated from the order books of CME’s CFTC-regulated Bitcoin and Micro Bitcoin options.
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