cme launches bitcoin volatility index to aid crypto risk pricing - Bitcoin Gets Its Own VIX as CME Launches Volatility Index
TLDR
- CME Group launched a Bitcoin Volatility Index and cryptocurrency benchmarks for Bitcoin, Ether, Solana, and XRP on Tuesday
- The Bitcoin Volatility Index tracks expected 30-day price movement in Bitcoin futures options but cannot be traded directly
- CME reported record $900 billion in crypto futures and options volume last quarter
- Average daily open interest hit $31.3 billion across CME crypto contracts at quarter end
- The index works like traditi