CME Lists Bitcoin Volatility Futures for June 1 Launch
CME Group will list CFTC-certified Bitcoin Volatility futures (BVI) for trading June 1; contracts settle to the 30-day BVXS implied-volatility index and equal $500 times BVXS.
CME Group will list CFTC-certified Bitcoin Volatility futures (ticker: BVI) for trading on June 1. Each contract settles financially to the CME CF Bitcoin Volatility Index – Settlement (BVXS) and is valued at $500 times the BVXS level. The initial listed months are June 2026 and July 2026.
A CFTC product record dated May 14 marks the contract as Certified. CME plans to make the contracts available on CME Globex and CME ClearPort from Sunday, May 31, ahead of the June 1 session. The exchange has scheduled 24/7 trading for cryptocurrency futures and options to start on May 29.
BVXS is a once-a-day benchmark that represents a forward-looking, 30-day constant-maturity implied volatility measure derived from order books for CME Bitcoin and Micro Bitcoin options. The index converts options prices into a single daily number that reflects expected percentage movement in Bitcoin over the next 30 days rather than a projected price level.
Because BVXS measures expected movement without direction, the BVI futures let traders take positions on implied volatility without taking a direct price bet on Bitcoin. The contract’s value rises or falls with changes in the implied 30-day volatility. CME materials describe the contract as intended for hedging Bitcoin exposure against changes in volatility and for trading expectations of market turbulence independent of Bitcoin’s price.
CME will publish daily figures for trading volumes, open interest and contract prices. The CFTC certification completes a regulatory listing step under the commission’s process; certification does not guarantee liquidity or market adoption.
Market participants will monitor whether the contract attracts sustained volume, open interest and institutional participation after trading begins. Active trading would provide a regulated futures instrument tied to a CME-implied-volatility benchmark built from Bitcoin options data.
As of the latest CF Benchmarks figure available before the May 20 session, BVXS stood at 41.01, down about 0.99%.
Content on BlockPort is provided for informational purposes only and does not constitute financial guidance.
We strive to ensure the accuracy and relevance of the information we share, but we do not guarantee that all content is complete, error-free, or up to date. BlockPort disclaims any liability for losses, mistakes, or actions taken based on the material found on this site.
Always conduct your own research before making financial decisions and consider consulting with a licensed advisor.
For further details, please review our Terms of Use, Privacy Policy, and Disclaimer.
Articles by this author
