CME Group to add ether/bitcoin ratio futures in July pending regulatory approval
CME Group announced plans to launch ether and bitcoin ratio futures on July 31, so long as they get regulatory approval . “Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities,” said Giovanni Vicioso, CME Group’s global head of cryptocurrency products, said in a press release. The futures will be cash-settled to the final settlement price of the CME’s ether futures and divided by the final settlement price of its bitcoin futures. The listing cycle will be the same as CME’s bitcoin and ether futures contracts. According to Vicioso, this means that “investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.” XBTO’s Paul Eisma, head of options, said that “the launch of ether/bitcoin ratio futures completes the currency triangle allowing...