CME Group Sets June Debut for Regulated Bitcoin Volatility Futures

The move gives U.S. traders a regulated way to trade Bitcoin’s expected swings rather than price direction.

Overview

CME Group, which announced the product Tuesday, set a June 1 start date that still needs regulatory approval.
The contracts let traders hedge or speculate on how sharp Bitcoin moves will be without taking a view on price direction.
The futures settle to CME’s BVX, a 30-day implied volatility index built from live CME Bitcoin options order books and published each second from 7 a.m. to 4 p.m. CT.
CME also plans to shift crypto futures and options toward round-the-clock trading on May 29, subject to approval.
The launch would give U.S. markets a regulated volatility tool that rivals offerings on offshore venues such as Deribit and BitMEX.