CME Group Announces Launch of Bitcoin Friday Futures Options

In a significant move to enhance its cryptocurrency product lineup, CME Group has announced the introduction of options on Bitcoin Friday futures, set to begin on February 24, subject to regulatory approval. These new options will feature daily expirations from Monday to Friday, providing market participants with more precise tools for managing their bitcoin exposure.

Giovanni Vicioso, CME Group's Global Head of Cryptocurrency Products, highlighted the advantages of the new contracts, stating, "The smaller size of these contracts, along with daily expiries, offer market participants a capital-efficient toolset to effectively adjust their bitcoin exposure." This development is expected to complement CME Group's existing suite of physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures, thereby offering investors additional flexibility in risk management.