Volmex’s Bitcoin, Ether Volatility Futures Surpass $10M as Traders Embrace Non-Directional Bets
July 25, 2025

Futures contracts linked to Volmex’s bitcoin (BVIV) and ether (EVIV) implied volatility indices have crossed $10 million in cumulative trading volume just one month after their launch on the decentralized derivatives platform gTrade.

Unlike traditional futures that speculate on price direction, volatility futures allow traders to bet on how much an asset will fluctuate—regardless of whether it moves up or down. The sharp adoption of BVIV and EVIV contracts signals growing interest in advanced tools for managing risk and gaining exposure to market uncertainty.

The BVIV and EVIV indices, which track expected 30-day implied volatility based on crypto options markets, have trended lower during the recent bull rally, suggesting an emerging role as crypto’s version of the VIX—a widely used fear gauge in traditional finance.

“BVIV and EVIV perpetuals on gTrade have already exceeded $11 million in volume—a significant milestone,” said Cole Kennelly, founder and CEO of Volmex Labs. He emphasized that volatility-linked futures simplify access to volatility trading without the complexities of managing options positions and metrics like Greeks or expirations.

The ability to speculate on price swings, rather than price direction, provides market participants with new strategies for navigating uncertain or sideways markets.