CME Group Announces First Trades for New Bitcoin Volatility Futures
CME Group (CME) has begun trading its new Bitcoin Volatility Index futures, with first block trades executed between DV Chain and Monarq Asset Management.
Rhea-AI Summary
CME Group (CME) has begun trading its new Bitcoin Volatility Index futures, with first block trades executed between DV Chain and Monarq Asset Management. These contracts allow investors to trade bitcoin volatility separately from price direction within a new 24/7 trading framework.
CME Group highlights year-to-date growth in its cryptocurrency suite, with average daily volume of 266,900 contracts, up 38% year-over-year, and average daily open interest of 274,500 contracts, up 18% year-over-year.
Positive
- Launch of Bitcoin Volatility Index futures with first trades between DV Chain and Monarq Asset Management
- New 24/7 trading framework increases accessibility for managing bitcoin volatility risk
- Cryptocurrency average daily volume of 266,900 contracts, up 38% year-over-year
- Average daily open interest of 274,500 cryptocurrency contracts, up 18% year-over-year
Negative
- None.
Details
News Market Reaction – CME
In the Jun 5 session, CME gained 0.52%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Crypto ADV
- 266,900 contracts
- Year-to-date average daily volume for cryptocurrency products, up 38% YoY
- Crypto ADV growth
- 38% year-over-year
- Increase in year-to-date crypto average daily volume
- Crypto open interest
- 274,500 contracts
- Year-to-date average daily open interest, up 18% YoY
- Open interest growth
- 18% year-over-year
- Increase in year-to-date average daily open interest for crypto
- 24/7 trading launch date
- May 29
- Launch of 24/7 trading framework for cryptocurrency products
Previous Crypto Reports
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Launch of 24/7 trading for cryptocurrency futures and options on CME.
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First trades in new Avalanche and Sui cryptocurrency futures products.
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Announcement of upcoming Bitcoin Volatility futures pending review.
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Planned launch of AVAX and SUI futures and 24/7 crypto trading.
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Plan to begin 24/7 trading of regulated crypto futures and options.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
bitcoin volatility futures financial
average daily volume (adv) financial
open interest financial
central counterparty clearing technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
"The early support we've seen for our new Bitcoin Volatility futures further demonstrates the growing client demand for more innovative tools to more efficiently protect against adverse market moves," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. "Our new 24/7 trading framework expands the utility of these contracts, allowing investors to isolate and precisely manage their portfolio's volatility risk and exposure at any hour of the day, any day of the week – unlocking a critical new layer of risk management."
"We are highly encouraged to see the market expanding with more regulated, institutional-grade futures contracts designed for expressing volatility on bitcoin," said Shiliang Tang, CEO of Monarq Asset Management. "As bitcoin continues to mature into a more mainstream institutional asset class, the demand for sophisticated risk management instruments grows alongside it. Robust tools like CME Group Bitcoin Volatility futures are exactly what investors need to accurately express their market viewpoints and efficiently hedge their portfolios within a secure, transparent framework."
"We are proud to support the launch of CME Group's Bitcoin Volatility futures," said Dave Vizsoly, CEO and Head Trader at DV Chain. "As institutions increasingly seek advanced strategies to navigate today's markets, the ability to trade pure volatility independent of price direction on a regulated platform is a critical evolution for both our clients and the broader marketplace."
CME Group's Cryptocurrency product suite continues to experience significant growth, including the successful launch of 24/7 trading on May 29. Additional year-to-date trading highlights include:
- Average daily volume (ADV) of 266,900 contracts, up
38% year-over-year. - Average daily open interest of 274,500 contracts, up
18% year-over-year.
For more information on Bitcoin Volatility futures, please visit www.cmegroup.com/BVI.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and
CME-G
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SOURCE CME Group
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