News Summary

• Perpetual futures on the Bitcoin Volmex Implied Volatility Index (BVIV) debuted on Hyperliquid on Monday.
• Futures give traders a way to bet on the degree, not direction, of bitcoin’s price swings.
• The BVIV Index, often described as a "bitcoin VIX," tracks cryptocurrency's expected 30-day implied or expected volatility in real time.
• The launch comes as the digital-asset market becomes increasingly institutionalized, drawing in a broader mix of participants.