CME is set to let traders bet on bitcoin volatility, not just price

CME Group, a prominent derivatives marketplace, is reportedly planning to introduce Bitcoin volatility futures. These new financial products, anticipated to launch on June 1 subject to necessary regulatory approvals, will offer traders a direct mechanism to speculate on the extent of Bitcoin's price movements, rather than solely its directional trend. This initiative represents a further development in institutional offerings for the Bitcoin market, providing more sophisticated tools for managing exposure to Bitcoin's inherent price swings.