📰 【CME Plans to Launch Cash-Settled Bitcoin Volatility Futures】

BlockBeats reports, on May 6, that the CME plans to launch 30-day cash-settled Bitcoin volatility futures on June 1, pending regulatory approval. This product will allow traders to directly trade or hedge BTC volatility without having to bet on the direction of Bitcoin’s price. The expected trading code is BVI, with a contract size of $500 multiplied by the BVX index value, and it will be settled using the CME CF Bitcoin Volatility Index. BVX is a 30-day implied volatility indicator calculated from the Bitcoin and Micro Bitcoin options order book regulated by the U.S. Commodity Futures Trading Commission on the CME.
These Wall Street old foxes are playing new tricks again. Remember in 2021, when Bitcoin volatility surged to 150%, how many contract players got wiped out completely? Now they’re rolling out volatility futures—so, in plain terms, it lets institutions short volatility openly and shuts down the last casino for retail investors. $BTC If this thing really goes live, retail investors won’t even be able to win against the betting on direction anymore—let’s see if they dare to take on quant hedge funds. 👇👇👇👇👇