Bitcoin News
By Sydney TheCMO
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What BVI Actually Does for Traders. Standard Bitcoin futures and ETFs are directional bets. You think Bitcoin goes up, you buy.
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The 24/7 Push and What It Means. BVI isn't arriving in isolation. CME also moved to offer 24/7 trading for its cryptocurrency…
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Liquidity Is the Real Question. None of that matters much if nobody trades it. The honest answer right now is that BVI's success…
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CME Group launched Bitcoin Volatility Futures on June 1. The contract, ticker BVI, got CFTC certification on May 14 and went live on CME Globex and CME ClearPort starting May 31…
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The product settles financially to the CME CF Bitcoin Volatility Index – Settlement, known as BVXS.
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Pretty different from anything CME has offered in crypto before.
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Standard Bitcoin futures and ETFs are directional bets. You think Bitcoin goes up, you buy. You think it drops, you sell short. BVI doesn't work that way.
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For institutional desks managing options books or structured products, that's probably useful.
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As of May 20, BVXS sat at 41.01, down 0.99% on the day. That's the number BVI contracts will ultimately settle against.
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BVI isn't arriving in isolation. CME also moved to offer 24/7 trading for its cryptocurrency futures and options, with that shift set to begin May 29. Crypto markets don't close.
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More context: Bitcoin Slides Below $78K as Bulls Fight to Hold $76,000 Support
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Together, the 24/7 move and the BVI launch paint a picture of CME trying to close the distance between traditional finance infrastructure and the way crypto actually trades.
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And BVI fits neatly into that shift. A volatility contract that can trade around the clock, against a daily-published benchmark, gives institutional participants a tool that…
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CME will publish daily trading volumes and open interest figures. Those numbers will be the early scorecard.
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Related: Zcash Jumps 88% in a Month While the Rest of Crypto Sits Flat
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