{"id":537342,"date":"2026-05-20T19:10:05","date_gmt":"2026-05-20T18:10:05","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=537342"},"modified":"2026-05-20T15:13:00","modified_gmt":"2026-05-20T14:13:00","slug":"cme-bitcoin-volatility-futures-bvi","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/","title":{"rendered":"CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part"},"content":{"rendered":"

In traditional markets, the VIX<\/a> gives traders a way to hedge or trade expected stock-market volatility rather than take a direct view on the S&P 500. CME Bitcoin<\/a> volatility futures now give Bitcoin traders a regulated version of that idea: a way to bet on volatility without betting on Bitcoin\u2019s price.<\/p>\n

The exchange plans to list\u00a0Bitcoin Volatility futures<\/a>\u00a0to start trading on June 1, while a May 14\u00a0Commodity Futures Trading Commission product record<\/a>\u00a0lists the contract as Certified.<\/p>\n

That makes the launch a market-structure test: whether Bitcoin is ready for a regulated futures contract tied to expected turbulence itself.<\/p>\n

The contract, ticker BVI, will settle financially to the CME CF Bitcoin Volatility Index – Settlement, or BVXS. The index is designed to reflect a 30-day forward view of implied volatility drawn from CME Bitcoin and Micro Bitcoin options order books.<\/p>\n

In practical terms, a trading desk can express whether it expects Bitcoin's next month to be calmer or more volatile without using Bitcoin futures, spot ETFs, or options to take a direct price view.<\/p>\n

The product carries a VIX-style feel, but it does not make BVI a proven Bitcoin fear gauge before trading begins. It puts a regulated contract around something traders already watch: how much movement the market expects from Bitcoin, independent of whether the next move is higher or lower.<\/p>\n

The VIX became important in traditional finance because it turned expected volatility into a common risk language. Portfolio managers use it to hedge shocks, options desks use it to price stress, and analysts use it as a shorthand for market fear. BVI is attempting to bring a similar layer to Bitcoin, but it still has to prove that traders will use it in size.<\/p>\n

\"Infographic<\/a><\/p>\n

CME's new contract shifts the trade away from price direction<\/h2>\n

The certification detail updates CME's May 5 launch announcement without changing the basic timeline. The contract moved from planned pending regulatory review in the announcement to a CFTC product record marked Certified.<\/p>\n

CME's corresponding\u00a0May 14 filing<\/a>\u00a0says the contract will be available on CME Globex and CME ClearPort from Sunday, May 31, ahead of the June 1 trading session.<\/p>\n

The certification is a listing milestone: CME has certified the contract under the relevant CFTC process, while regulatory endorsement and future liquidity remain separate questions.<\/p>\n

It gives institutional desks a familiar exchange and clearing framework for a Bitcoin volatility trade.<\/p>\n

For most readers, the key terms are simpler: BVI is the futures contract, BVXS is the index it settles to, and each contract is worth $500 times the BVXS level.<\/p>\n

The initial listed months are June 2026 and July 2026.<\/p>\n

The practical difference is exposure. Bitcoin futures let traders take a view on where BTC will trade. Bitcoin ETFs give investors spot-linked exposure inside brokerage accounts.<\/p>\n

Bitcoin options can express both price and volatility views, but they require options execution and options-risk management. BVI packages a volatility view into a listed futures contract that rises or falls with the market's expectation for Bitcoin movement rather than with Bitcoin's spot price alone.<\/p>\n

CME's\u00a0product page<\/a>\u00a0makes that distinction explicit, saying the contract is meant for hedging Bitcoin exposure against rising or falling volatility and for trading expectations of market turbulence independent of Bitcoin's price direction.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

CME Group to introduce options on Bitcoin Friday futures starting Feb. 24<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

BVXS turns options prices into the reference point<\/h2>\n

The futures contract is only as useful as the benchmark underneath it. BVXS is the daily settlement version of the CME CF Bitcoin Volatility Index.<\/p>\n

CF Benchmarks describes\u00a0BVXS<\/a> as a once-a-day benchmark representing a forward-looking, 30-day constant-maturity implied volatility measure based on CME Bitcoin and Micro Bitcoin options order books.<\/p>\n

In practice, the Bitcoin volatility index converts CME options pricing into a daily reference point for expected BTC turbulence.<\/p>\n

BVXS does not track Bitcoin itself. It tracks what options prices imply about how much Bitcoin could move over the next 30 days. That makes BVXS a Bitcoin implied volatility benchmark rather than a spot-price benchmark.<\/p>\n

If options traders price in more uncertainty, the index can rise even before Bitcoin makes a large move. If options traders demand less protection or expect calmer trading, the index can fall even while Bitcoin remains directionally active.<\/p>\n

That distinction makes the product more than another access rail. A fund that owns Bitcoin exposure through spot holdings, ETFs, futures, or structured products may not want to sell the underlying exposure every time market stress rises.<\/p>\n

It may instead want a tool that targets volatility directly. Conversely, a trader may expect turbulence around a macro print, regulatory event, ETF-flow reversal, or market dislocation without having conviction on whether BTC breaks higher or lower.<\/p>\n

As of publication on May 20, the latest CF Benchmarks figure available before the session showed BVXS at 41.01, down 0.99%.<\/p>\n

Bitcoin now has a CME-linked implied-volatility benchmark sitting under a listed futures product.<\/p>\n

Why institutions may care about a Bitcoin fear trade<\/h2>\n

For institutions, BVI offers a simpler way to separate a trade that Bitcoin futures, options, and ETFs often mix together.<\/p>\n

In a directional product, the trader is usually exposed to Bitcoin's level. A long Bitcoin futures position benefits if BTC rises and loses if it falls. A spot ETF holder is tied to the asset's direction.<\/p>\n

Options can isolate volatility, but the trade is more complex and carries exposure to strike selection, expiry, time decay, and position management.<\/p>\n

BVI gives desks a cleaner listed expression of the question: will Bitcoin move more or less than the market currently expects?<\/p>\n

That can help desks hedge portfolios, price structured products, manage options books, or position around events where the size of the move matters more than the direction.<\/p>\n

The timing also fits CME's broader crypto market-structure push. CME says\u00a024\/7 cryptocurrency futures and options trading<\/a> is scheduled to begin May 29, shortly before the BVI launch. It also extends CME\u2019s Bitcoin derivatives stack beyond directional futures, options, and ETF-adjacent market exposure.<\/p>\n

The two developments point in the same direction: regulated crypto derivatives are becoming less like a side session attached to traditional market hours and more like infrastructure designed around how crypto actually trades.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

CME to start trading crypto futures 24\/7: What changes for Bitcoin?<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

CryptoSlate's recent Bitcoin coverage has largely followed the directional and access questions that have dominated the market:\u00a0ETF-flow reversals<\/a>, inflation pressure,\u00a0options liquidity<\/a>\u00a0around spot ETF products, institutional accumulation, and the fading economics of some\u00a0retail ATM models<\/a>.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Japan Bitcoin ETF plan ready to open route into household savings<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

CME's volatility contract moves the discussion into a different layer. It asks whether Bitcoin's risk can become a product in its own right.<\/p>\n

Bitcoin's scale makes the question meaningful. CryptoSlate's market pages showed\u00a0Bitcoin near $77,000<\/a>\u00a0on May 20, with a market capitalization around $1.54 trillion and 24-hour volume around $27 billion.<\/p>\n

The broader\u00a0crypto market<\/a>\u00a0stood around $2.56 trillion, with BTC dominance near 60%. In that context, a regulated volatility future is an attempt to make the market's expectation of Bitcoin movement tradable in a more direct form.<\/p>\n

\"Infographic<\/a><\/p>\n

The launch test is liquidity, not branding<\/h2>\n

Comparing CME BVI futures to the VIX can, however, overstate the product before trading data exists.<\/p>\n

VIX futures and options are established instruments for trading or hedging volatility risk. BVI has not earned that status yet.<\/p>\n

The test after June 1 will be practical: whether the contract attracts volume, open interest, block activity, and enough institutional participation to become a meaningful signal.<\/p>\n

CME's filing says trading volumes, open interest levels, and price information will be published daily. Those figures will carry more weight than the launch label.<\/p>\n

If volume builds, BVI could give market participants a cleaner way to hedge Bitcoin exposure when they expect turbulence, or to express a view that expected volatility is too high or too low.<\/p>\n

It could also give analysts another signal on market stress alongside ETF flows, options positioning, futures basis, and spot liquidity.<\/p>\n

If trading is thin, the product may remain useful for some desks without becoming a broad sentiment gauge. That outcome would still add a regulated tool to the Bitcoin derivatives stack, but it would fall short of turning Bitcoin volatility into a widely followed market instrument.<\/p>\n

CME has a CFTC-certified Bitcoin Volatility futures contract scheduled for June 1, tied to a 30-day implied-volatility benchmark built from CME Bitcoin options data.<\/p>\n

It gives institutions a way to trade Bitcoin's expected turbulence without making a direct price bet. Whether it becomes Bitcoin's fear trade depends on what happens once traders can actually use it.<\/p>\n","protected":false},"excerpt":{"rendered":"

In traditional markets, the VIX gives traders a way to hedge or trade expected stock-market volatility rather than take a direct view on the S&P 500. CME Bitcoin volatility futures now give Bitcoin traders a regulated version of that idea: a way to bet on volatility without betting on Bitcoin\u2019s price. The exchange plans to […]<\/p>\n","protected":false},"author":1264,"featured_media":537388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,60840,77968,79312,79849,6849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nCME Bitcoin volatility futures bring a VIX-style trade to BTC<\/title>\n<meta name=\"description\" content=\"CME\u2019s Bitcoin volatility futures will let institutions trade expected BTC turbulence through BVI, a regulated contract tied to the BVXS implied-volatility benchmark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part\" \/>\n<meta property=\"og:description\" content=\"CME\u2019s Bitcoin volatility futures will let institutions trade expected BTC turbulence through BVI, a regulated contract tied to the BVXS implied-volatility benchmark.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-20T18:10:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-20T14:13:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/bitcoin-volatility-vortex.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam 'Akiba' Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@akibablade\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam 'Akiba' Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person\",\"name\":\"Liam 'Akiba' Wright\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"jobTitle\":\"Editor-in-Chief\",\"description\":\"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/x.com\/akibablade\",\"https:\/\/www.linkedin.com\/in\/liamandrewwright\",\"https:\/\/muckrack.com\/liam-wright\/articles\"]},\"headline\":\"CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part\",\"datePublished\":\"2026-05-20T18:10:05+00:00\",\"dateModified\":\"2026-05-20T18:10:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/\"},\"wordCount\":1430,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Analysis\",\"Derivatives\",\"Featured\",\"Market\",\"TradFi\",\"Trading\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/\",\"url\":\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/\",\"name\":\"CME Bitcoin volatility futures bring a VIX-style trade to BTC\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2026-05-20T18:10:05+00:00\",\"dateModified\":\"2026-05-20T18:10:05+00:00\",\"description\":\"CME\u2019s Bitcoin volatility futures will let institutions trade expected BTC turbulence through BVI, a regulated contract tied to the BVXS implied-volatility benchmark.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e\",\"name\":\"Liam 'Akiba' Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"description\":\"Also known as \\\"Akiba,\\\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.\",\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/www.instagram.com\/akibablade\",\"https:\/\/twitter.com\/akibablade\"],\"award\":[\"Most improved footballer - 1992\"],\"knowsAbout\":[\"Python\",\"Javascript\",\"PHP\",\"HTML\",\"Agentic Software\",\"Machine Learning\",\"2000s emo music\",\"Manchester United\"],\"knowsLanguage\":[\"English\",\"Spanish\"],\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CME Bitcoin volatility futures bring a VIX-style trade to BTC","description":"CME\u2019s Bitcoin volatility futures will let institutions trade expected BTC turbulence through BVI, a regulated contract tied to the BVXS implied-volatility benchmark.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/","og_locale":"en_US","og_type":"article","og_title":"CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part","og_description":"CME\u2019s Bitcoin volatility futures will let institutions trade expected BTC turbulence through BVI, a regulated contract tied to the BVXS implied-volatility benchmark.","og_url":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/","og_site_name":"CryptoSlate","article_published_time":"2026-05-20T18:10:05+00:00","article_modified_time":"2026-05-20T14:13:00+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/bitcoin-volatility-vortex.jpg","type":"image\/jpeg"}],"author":"Liam 'Akiba' Wright","twitter_card":"summary_large_image","twitter_creator":"@akibablade","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Liam 'Akiba' Wright","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person","name":"Liam 'Akiba' Wright","url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam.jpg","caption":"Liam 'Akiba' Wright"},"jobTitle":"Editor-in-Chief","description":"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.akiba.gg","https:\/\/x.com\/akibablade","https:\/\/www.linkedin.com\/in\/liamandrewwright","https:\/\/muckrack.com\/liam-wright\/articles"]},"headline":"CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part","datePublished":"2026-05-20T18:10:05+00:00","dateModified":"2026-05-20T18:10:05+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/"},"wordCount":1430,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Analysis","Derivatives","Featured","Market","TradFi","Trading"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/","url":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/","name":"CME Bitcoin volatility futures bring a VIX-style trade to BTC","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2026-05-20T18:10:05+00:00","dateModified":"2026-05-20T18:10:05+00:00","description":"CME\u2019s Bitcoin volatility futures will let institutions trade expected BTC turbulence through BVI, a regulated contract tied to the BVXS implied-volatility benchmark.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/cme-bitcoin-volatility-futures-bvi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"CME is launching a VIX style fear trade to Bitcoin. Now comes the hard part"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e","name":"Liam 'Akiba' Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/about-liam-150x150.jpg","caption":"Liam 'Akiba' Wright"},"description":"Also known as \"Akiba,\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.","sameAs":["https:\/\/www.akiba.gg","https:\/\/www.instagram.com\/akibablade","https:\/\/twitter.com\/akibablade"],"award":["Most improved footballer - 1992"],"knowsAbout":["Python","Javascript","PHP","HTML","Agentic Software","Machine Learning","2000s emo music","Manchester United"],"knowsLanguage":["English","Spanish"],"url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/537342"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1264"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=537342"}],"version-history":[{"count":11,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/537342\/revisions"}],"predecessor-version":[{"id":537432,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/537342\/revisions\/537432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/537388"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=537342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=537342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=537342"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=537342"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=537342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}