CME Group plans to launch new Bitcoin futures product Bitcoin Friday futures on September 30

Odaily News CME Group (CME) announced that it plans to launch Bitcoin Friday futures (BFF) on September 30, 2024, providing a precise and flexible way to trade Bitcoin. Each BFF contract represents 1/50 of a Bitcoin, ensuring capital efficiency and accessibility. It is reported that these shorter-term Bitcoin futures contracts will expire at 4 pm (EST) every Friday and will be settled based on the New York variant of the CME CF Bitcoin reference price, which may be closer to the spot price of Bitcoin.