CME’s bitcoin BTC$62,945.93 volatility index futures began trading last week, offering investors a new way to trade and hedge price volatility. DV Chain and Monarq Asset Management executed the first block trades, kicking off trading in the contracts. These volatility contracts track the CME CF Bitcoin Volatility Index (BVX), which represents the market's expectations for bitcoin volatility over four weeks. Their debut allows traders to take positions directly on expected price turbulence rather than just price direction.