CME Group will launch Bitcoin futures products called Bitcoin Friday futures on September 30

ChainCatcher news, according to the official announcement, the Chicago Mercantile Exchange (CME) will 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. These shorter-term contracts expire every Friday at 4 PM (Eastern Time) and settle based on the CME CF Bitcoin Reference Rate New York variant, which may be closer to the Bitcoin spot price.