TechFlow News, May 14: The Chicago Mercantile Exchange Group (CME Group) announced plans to launch Nasdaq CME Cryptocurrency Index Futures on June 8, pending regulatory review. The Nasdaq CME Cryptocurrency Index Futures will be the company’s first market-capitalization-weighted futures contract and will be offered in both micro and standard contract sizes.
These contracts will provide market participants with an efficient way to deploy capital—enabling investment in top-ranked cryptocurrencies via a single cash-settled futures contract. Upon expiration, the Nasdaq CME Cryptocurrency Index Futures will settle against the Nasdaq CME Cryptocurrency Settlement Price Index, which measures the performance of the most actively traded and liquid cryptocurrencies. As of May 14, the index includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens (XLM).
