BlockBeats News, May 6th, CME Group plans to launch cash-settled 30-day Bitcoin volatility futures on June 1st, pending regulatory approval. This product will allow traders to directly trade or hedge BTC volatility without betting on Bitcoin's price direction. The trading symbol is expected to be BVI, with a contract size of $500 multiplied by the BVX index value, settled using the CME CF Bitcoin Volatility Index (BVX). BVX is a 30-day implied volatility index based on CME's CFTC-regulated Bitcoin and Micro Bitcoin options order book.