CF Benchmarks introduced the Bitcoin Volatility Index, allowing investors to monitor and trade anticipated bitcoin price changes over the next thirty days.
CF Benchmarks and Bitcoin Real-Time Tracking
The Bitcoin Volatility Index offered by CF Benchmarks can be used in two distinct manners. Firstly, it can function as a database for risk management purposes. Secondly, it can act as the underlying mechanism for various volatility-based financial products, enabling market participants to trade volatility effectively.
According to its construction, each CF Benchmarks, including the Bitcoin Volatility Index, adheres to the regulations of the United Kingdom’s Building Research Establishment (BRE) Minimum Standards (BMR). The calculation process for these indices is meticulously carried out using a robust methodology.
According to the statement, this means that “comparison items will accurately reflect the market trends and remain unaffected by unexpected price fluctuations due to inaccurate data.”
The Chicago Mercantile Exchange (CME) recently introduced two new indices: the CF Bitcoin Volatility Real Time Index (BVX) and the CF Bitcoin Volatility Index Settlement Rate (BVXS). Notably, these indices compile volatility data from Bitcoin options contracts traded on CME. Their primary goal is to measure market fluctuations and uncertainty in the Bitcoin market.
Among the two indices, BVX is continuously in action, delivering real-time volatility data. In contrast, BVXS calculates its daily settlement rate using a 30-minute window of BVX readings between 3:30 and 4:00 PM London time.
Sui Chung, the CEO of CF Benchmarks, discussed how volatility indices have become essential in the financial world. These indices help investors gauge investor sentiment and assess risk tolerance.
“CF Benchmarks, being the leading provider of assets referenced in cryptocurrency indexes with the largest AuR, will use its Bitcoin Volatility Index as the standard measure for bitcoin price fluctuations. This role is similar to that of the Bitcoin Reference Rate (BRR), which serves as the benchmark for the bitcoin spot price,” Chung explained.
Spot Bitcoin ETF: BTC Tracking On Different Pedestal
Measuring performance against set standards (benchmarks) and monitoring price trends are crucial steps toward Bitcoin and similar assets reaching their full potential.
An SEC-approved Bitcoin ETF known as the “Bitcoin Spot ETF” has accurately followed Bitcoin’s price movement over the past three months. With growing excitement for this innovative financial instrument, Bitcoin’s price reached unprecedented heights, surpassing $73,000 – a new all-time high (ATH).
In simple terms, the leading cryptocurrency is increasingly popular among investors around the world. This widespread acceptance could lead to the development and acceptance of additional measures or benchmarks for it in the coming days.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Best Goomba Characters In Mario Games, Ranked
- USD RUB PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- ETHW PREDICTION. ETHW cryptocurrency
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
- METIS PREDICTION. METIS cryptocurrency
2024-04-12 08:18