Key facts
- CME Group launched Bitcoin Volatility Index futures.
- The futures are available for trading on CME Group's platform.
- First trades were executed between DV Chain and Monarq Asset Management.
CME Group, a prominent derivatives marketplace, has announced the commencement of trading for its new Bitcoin Volatility Index futures. The initial trades were executed as block trades, involving DV Chain and Monarq Asset Management. This new product is designed to offer investors a mechanism for hedging against the inherent price volatility of Bitcoin. The company expressed optimism regarding the early support and interest shown in the product.