#United States #Chicago #CME Group #CF Benchmarks #Bitcoin Indices

CME Group and CF Benchmarks Launch Bitcoin Volatility Indices

CME Group and CF Benchmarks are gearing up to unveil two new Bitcoin volatility indices designed to enhance market transparency and investor insights. The indices, known as the CME CF Bitcoin Volatility Index - Real Time (BVX) and the CME CF Bitcoin Volatility Index - Settlement (BVXS), will officially launch on December 2, 2025. These indices will provide a forward-looking perspective on how market participants anticipate Bitcoin prices to fluctuate over a 30-day maturity period.

These indices are not tradable products. Instead, they serve as valuable benchmarks for evaluating implied volatility, which is critical in assessing risk for those involved in Bitcoin trading, particularly within the options market of CME Group's regulated Bitcoin futures and Micro Bitcoin futures contracts. As of 2025, CME Group reported a staggering $46 billion in equivalent notional value traded in their Bitcoin options, making it the go-to benchmark for gauging overall Bitcoin market volatility.

Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, emphasized the growing maturity of the cryptocurrency market. He noted that an increasing number of institutional investors are entering the space, seeking sophisticated tools to manage risks effectively. The introduction of the BVX and BVXS Indices is a response to this demand, offering market participants insights that can help tailor their trading strategies to better navigate shifting market conditions.

"As the crypto landscape evolves, the introduction of these indices marks a significant milestone for the Bitcoin asset class," said Sui Chung, CEO of CF Benchmarks. "These new indices will provide a crucial measure of Bitcoin volatility expectations, reflecting institutional sentiment toward Bitcoin and the broader crypto market. Accessible benchmarks are essential for market infrastructure, and these indices underscore the evolving sophistication of the Bitcoin options marketplace."

The BVX will be calculated and published every second during trading hours from 7 a.m. to 4 p.m. Central Time, while the BVXS will be published at 4 p.m. London time. This frequent data provision aims to keep market players well-informed and prepared for potential market shifts, ensuring more strategic decision-making.

For further details about the CME CF Bitcoin Volatility Indices and the offerings by CME Group, investors are encouraged to visit CME Group's website. CME Group continues to be at the forefront of the derivatives marketplace, enabling clients to trade across a vast array of asset classes, including cryptocurrencies, energy, agricultural products, and metals.

As the cryptocurrency market matures and institutional participation increases, tools like the BVX and BVXS indices are poised to become essential components of effective risk management strategies for investors focusing on digital currencies. With the significant trading volume and interest in Bitcoin options, these indices are set to play a pivotal role in shaping market perspectives on volatility and price movements in the future.