[CME Launches Bitcoin Volatility Index, Similar to the Stock Market's VIX] The Chicago Mercantile Exchange (CME Group) has announced the launch of a new cryptocurrency benchmark, the Bitcoin Volatility Index, to quantify market uncertainty. This index references the implied volatility of Bitcoin and Micro Bitcoin options, similar to the VIX in the stock market, aiming to optimize options pricing and risk management. The Bitcoin Volatility Benchmark, introduced by CME and CF Benchmarks, includes the real-time index BVX and the settlement index BVXS. These are the first benchmarks to directly measure 30-day forward implied volatility, derived from the order books of CME Bitcoin and Micro Bitcoin options, using variance swap pricing to isolate volatility exposure. BVX is published every second during trading hours, while BVXS is released at 16:00 London time.