CME Group Debuts Bitcoin Volatility Index and Crypto Benchmarks for Institutions

The suite introduces forward-looking, options‑derived measures that standardize volatility metrics alongside reference pricing across major tokens.

Overview

CME Group introduced the CME CF Cryptocurrency Benchmarks, highlighted by a VIX‑style Bitcoin Volatility Index.
The Bitcoin measure reflects expected 30‑day implied volatility from Bitcoin and Micro Bitcoin futures options and functions as a non‑tradable reference.
Coverage spans Bitcoin, Ether, Solana and XRP with standardized data built for options valuation, hedging and real‑time risk monitoring.
CME said the volatility benchmarks are the first forward‑looking implied‑volatility indices derived from its regulated options market.
The release follows record venue activity, with over $900 billion in quarterly crypto futures and options volume and about $31.3 billion in average daily open interest.