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CME's Bitcoin Friday Futures Are Ideal for News Traders: CF Benchmarks

Linda Hamilton
Release： 2024-10-15 18:02:18
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Friday contracts debuted on Sept. 30 with a bang, becoming CME's most successful crypto futures launch ever.

CME's Bitcoin Friday Futures Are Ideal for News Traders: CF Benchmarks

CF Benchmarks CEO Sui Chung explained the performance of recently launched CME bitcoin futures that expire on Friday, highlighting their suitability for news traders.

The Friday contracts, which are sized at one-50th of one BTC and settle every Friday at 16:00 New York Time, are designed to provide traders with a tool to speculate on key U.S. economic data.

According to Chung, the shorter duration of the Friday futures limits the gap between futures and spot prices, ensuring a lower premium than monthly standard and micro futures contracts.

The smaller premium reduces the contango bleed, or the cost incurred from moving positions from the impending expiry to the following Friday expiry, leading to potentially improved profitability.

Chung also noted the alignment between the Friday futures expiry and the daily NAV calculation of U.S.-listed spot ETFs, which enhances market liquidity.

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