CME Group Launches Nasdaq CME Crypto Index Futures

CME Group has announced the launch of Nasdaq CME Crypto Index Futures, a new set of cryptocurrency index futures contracts. According to Foresight News, the contracts will be cash-settled at expiration based on the value of the Nasdaq CME Crypto Settlement Price Index. The settlement price index tracks the performance of the largest and most actively traded cryptocurrencies by market capitalization. As of the announcement, the index constituents include Bitcoin, Bitcoin Cash, Ether, Solana, XRP, Cardano, Chainlink, and Lumens.