Deep Tide TechFlow news: On May 06, according to The Block, CME Group plans to launch cash-settled 30-day Bitcoin volatility futures on June 1, pending regulatory approval. The product will allow traders to directly trade or hedge BTC volatility without having to bet on the direction of Bitcoin’s price.



The contract is expected to use the trading code BVI, with a contract size of $500 multiplied by the BVX index value, and will be settled based on the CME CF Bitcoin Volatility Index (BVX). BVX is a 30-day implied volatility indicator calculated from CME’s CFTC-regulated Bitcoin and Micro Bitcoin options order books.
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