CME to launch VIX-like Bitcoin volatility futures on June 1

The Chicago Mercantile Exchange (CME) is set to launch BVI, a futures contract tracking Bitcoin's implied volatility, on June 1, CryptoSlate reported. The product has received certification from the U.S. Commodity Futures Trading Commission (CFTC). Similar to the VIX, the U.S. stock market's fear index, BVI will allow investors to trade or hedge volatility itself without betting on the price direction of BTC. The new futures will be based on the "CME CF Bitcoin Volatility Index Settlement (BVXS)." The initial monthly contracts listed will be for June and July 2026, with each contract's value calculated by multiplying the index figure by $500.