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Hedge against or express a view on the price volatility of bitcoin with Bitcoin Volatility futures. Based on the CME CF Bitcoin Volatility Indices, this cash-settled contract provides a capital-efficient tool for navigating cryptocurrency market dynamics in a regulated marketplace.

*Pending regulatory review

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FAQ: Crypto Futures
Volatility Indices

Key features

Manage volatility

Hedge your bitcoin exposure against periods of rising or falling volatility, adding a new layer of risk management to your portfolio.

New trading opportunity

Trade whether you expect market turbulence to increase or decrease, independent of bitcoin's price direction.

Gauge market sentiment

Use volatility as a gauge of market sentiment to trade on expectations of market stress, stability or upcoming price swings.

Details

Contract Ticker Contract size  BASIS TRADE AT INDEX CLOSE (BTIC)
Bitcoin Volatility futures BVI $500 x CME CF Bitcoin Volatility Index CME CF Bitcoin Volatility Index - Settlement (BVXS)

These contracts are block-eligible.

Frequently asked questions

They are USD-settled futures contracts that allow you to trade the forward-looking, 30-day implied volatility of bitcoin.

Bitcoin futures allow you to trade on the future price direction of bitcoin. In contrast, Volatility futures allow you to trade on the magnitude of upcoming price movements (volatility), regardless of direction.

This contract is cash-settled to the CME CF Bitcoin Volatility Index - Settlement (BVXS), which is calculated at 4:00 p.m. London time on the final settlement day, providing a transparent and robust settlement process.

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CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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