Volmex’s Bitcoin, Ether Volatility Futures Cross $10M as Traders Embrace Non-Directional Bets
Volatility-linked futures tied to Bitcoin (BTC) and Ether (ETH) have surpassed $10 million in cumulative trading volume just one month after debuting on decentralized platform gTrade, signaling growing interest in derivatives beyond simple price speculation.
The products are based on Volmex Labs’ proprietary indices—BVIV (Bitcoin Volatility Index) and EVIV (Ether Volatility Index)—which track implied volatility over a four-week horizon. These metrics reflect the market’s expectation of price turbulence, similar to how the VIX index gauges equity market sentiment.
“BVIV and EVIV perpetual futures launched on gTrade a month ago and have already surpassed $11 million in trading volume—a major milestone,” said Cole Kennelly, founder and CEO of Volmex Labs.
Unlike traditional futures, which depend on directional price moves, volatility futures allow traders to profit from expected shifts in market uncertainty, regardless of whether prices rise or fall. This makes them valuable tools for hedging and risk management—especially during periods of muted spot price action.
Kennelly noted that volatility futures simplify access to sophisticated trading strategies without the complexity of navigating options markets, such as dealing with option Greeks or strike selections.
Both volatility indices have declined in recent weeks despite bullish momentum in BTC and ETH, underscoring their potential as “fear gauges” for crypto markets.
The rapid adoption of these futures suggests that traders are increasingly seeking tools that go beyond directional bets—positioning instead around volatility itself as a tradeable asset class.
