CME Is Launching a Bitcoin Product Wall Street Has Never Seen Before
The post CME Is Launching a Bitcoin Product Wall Street Has Never Seen Before appeared on BitcoinEthereumNews.com. CME plans to launch Bitcoin Volatility futures as institutional demand for regulated crypto products continues growing rapidly worldwide. CME Group has announced plans to launch Bitcoin Volatility futures on June 1. However, the Commodity Futures Trading Commission, or CFTC, still needs to approve the launch. Furthermore, the new product may be the first regulated Bitcoin volatility derivative to be listed in the United States. The new contract is known as the Bitcoin Volatility Index futures (BVI futures). This product is not a regular Bitcoin futures contract, but it is based on the volatility of Bitcoin prices rather than their direction. Therefore, traders can manage risk from sharp Bitcoin price swings without directly betting on prices rising or falling. 🚨JUST IN: CME Group has set June 1 as the launch date for Bitcoin Volatility futures, pending CFTC review. The $B