CME Group Plans June Launch of BVX Bitcoin Volatility Index

CME Group, operator of the Chicago Mercantile Exchange, is expected to introduce an index in June that tracks Bitcoin volatility rather than the Bitcoin price itself. According to a report by Maeil Business Newspaper, CME Group is preparing the Bitcoin Volatility Index, or BVX, which may be described as a Bitcoin version of the VIX. The index differs from existing price-tracking products because it focuses on fluctuations in Bitcoin prices instead of directional price moves. If the launch proceeds, institutional investors may participate by treating Bitcoin volatility as a separate investment or hedging target. Source: mk.co.kr