CME Group Announces Launch of Bitcoin Friday Futures Options

In a groundbreaking move, CME Group has announced the introduction of options on Bitcoin Friday futures, set to debut on February 24. This initiative is pending regulatory approval and aims to provide market participants with a more dynamic and capital-efficient toolset 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, offers market participants a capital-efficient toolset to effectively adjust their bitcoin exposure."

These new options will complement CME Group's existing range of physically-settled options on Bitcoin, Ether, Micro Bitcoin, and Micro Ether futures, thereby offering investors additional flexibility in risk management strategies.