CME Group has announced plans to launch a new product that will allow traders to bet on the volatility of bitcoin prices.
The new futures contracts, set to be launched on June 1 pending regulatory approval, will track the CME CF Bitcoin Volatility Index (BVX), which measures market expectations for bitcoin price swings over four weeks.
This move is seen as a significant development in the cryptocurrency markets, with many institutional investors seeking regulated products that provide opportunities to gain digital assets exposure when markets move.