ChainCatcher news, the CME Group announced that the first Bitcoin Options on Bitcoin Friday Futures have been completed. The trade took place on Sunday, February 23, local time, executed by Cumberland DRW and Galaxy, and cleared by Marex. It is reported that this product will complement the CME Group's existing suite of physically settled options on Bitcoin, Ethereum, Micro Bitcoin, and Micro Ether futures.

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.