US derivatives exchange CME Group said on Thursday it plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory review.
The company described the product as its first market-cap-weighted futures contract. It will be available in both standard and micro sizes, with the standard contract sized at 10x the index and the micro (ticker MCI) at 1x the index. Both contracts are BTIC- and block-eligible.
At expiration, the contracts will be financially settled to the Nasdaq CME Crypto Settlement Price Index, which currently includes bitcoin, ether, SOL, XRP, ADA, LINK and lumens, according to CME.
“Demand for regulated cryptocurrency futures continues to increase, with average daily volume in our suite up 43% year-to-date,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “These new futures will provide another way for investors to manage their risk.”
The product would give firms broad crypto market exposure through a single regulated contract rather than requiring separate positions across individual assets.
CME Group already offers multiple crypto futures and options products. The new index futures come after the exchange’s crypto suite crossed $7.3 trillion in lifetime notional volume earlier this year.
