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

BlockBeats news, on August 27, according to the official announcement, 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 (EST) and are settled based on the CME CF Bitcoin Reference Price New York variant, which may be closer to the spot price of Bitcoin.