CME Launches Nasdaq-Backed Crypto Index Futures on June 8

The Chicago Mercantile Exchange (CME) has announced that it will launch its Nasdaq-backed crypto index futures on June 8. The new product will cover seven assets, marking the first time CME has offered a weighted contract.

The move is significant as it provides investors with a more diversified and liquid way to invest in cryptocurrencies. By offering a weighted contract, CME aims to provide investors with a more stable and less volatile investment option compared to traditional spot markets.