CME's Bitcoin Friday futures (BFF) contracts are ideal for news traders looking to bet on U.S. economic data releases, according to CF Benchmarks' CEO. The cash-settled futures were launched to make the product more accessible to retail investors, settling every Friday at 16:00 New York Time. The shorter duration of the contracts reduces the premium and rollover costs compared to monthly contracts, making them more profitable for news-driven traders. The alignment between the Friday futures expiry and the daily NAV calculation of U.S.-listed spot ETFs enhances market liquidity.
- Content Editor ( coindesk.com )
- 2024-10-15
CME's Bitcoin Friday Futures Are Ideal for News Traders: CF Benchmarks