According to Foresight News , citing The Block, the CME Group plans to launch cash-settled Bitcoin volatility futures on June 1, pending regulatory approval. The product will trade under the ticker symbol BVI, with each contract multiplied by $500 based on the BVX index value, and will be settled to the CME CF Bitcoin Volatility Index (a real-time 30-day implied volatility metric).
Giovanni Vicioso, global head of cryptocurrency products at CME, said the move allows traders to trade and hedge Bitcoin volatility directly without making directional bets on Bitcoin prices.
