Nov

1

Announcement found here.

"The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Bitcoin futures will be listed on and subject to the rules of CME."

Doug Martin writes: 

What do you think the notional value will be per contract?

100 Coins X $6500 = $650,000/contract

5% move per day. Margin requirements would be quite large per contract.

John Netto writes: 

There will be a mini-BTC

Henrik Andersson writes: 

I'm also curious so I called CME and asked. Each contract will represent 1 Bitcoin and when the contract settles you will receive the cash amount of the Bitcoin Reference Rate. 


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