Futures tied to Volmex’s bitcoin and ether volatility indices, BVIV and EVIV, have seen over $10 million in trading volume on gTrade. Traders are using these derivatives for risk management, moving beyond simple price speculation.

BVIV and EVIV track expected volatility in bitcoin and ether over four weeks. Both indices have dropped during the recent bull market, possibly becoming fear indicators like the VIX. Trading these futures means predicting price fluctuation, not direction.

Volmex’s BVIV and EVIV futures on gTrade have exceeded $11 million in volume in just one month. CEO Cole Kennelly stated that these futures simplify betting on price turbulence, avoiding the complexities of options strategies. This allows traders to profit from market uncertainty without predicting price movements.

Read more at Yahoo Finance: Volmex’s Bitcoin and Ether Volatility Futures Top $10M Volume Since Debut as Traders Look Beyond Price