CME Group set to introduce ETH to BTC Ratio futures
The scheduled launch date for these futures contracts is set for July 31, pending regulatory review. On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures . The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures , launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup) June 29, 2023 According to the announcement, the settlement of Ether/Bitcoin Ratio futures will be in cash, based on the final settlement price of CME Group’s Ether (ETH) futures divided by the final settlement price of CME Group's Bitcoin (BTC) futures . Moreover, this new contract will adhere to the identical listing cycle observed in CME Group’s Bitcoin futures and Ether futures contracts. Giovanni Vicioso, CME Group’s global head of cryptocurrency products, emphasized the potential for...