BITCOIN IS GETTING ITS OWN VIX ON JUNE 1CME Group (@CMEGroup) plans to launch Bitcoin Volatility futures under ticker $BVI on June 1, pending CFTC approval. Each contract is $500 times the CME CF Bitcoin Volatility Index, a 30-day forward-looking implied vol benchmark derived from real-time CME Bitcoin and Micro Bitcoin options order books.It is the first CFTC-regulated way to trade BTC vol independent of price direction. CME's Giovanni Vicioso framed it as a risk-management layer; Morgan Stanley's David Sc ...

"This framework is going to create the best of both worlds.It's going to create some consumer protections through disclosures, but the simplicity of having your regulator be the CFTC.I think it's going to be formidable."-@SenGillibrand on the Clarity Act https://t.co/1IUeKloHHI ...