CME Group to add ether/bitcoin ratio futures in July pending regulatory approval

The addition of the ratio futures is just the latest crypto-based move the derivatives marketplace has made this year

article-image

Noman Zahid Rafi/Shutterstock modified by Blockworks

share

CME Group announced plans to launch ether and bitcoin ratio futures on July 31, so long as they get regulatory approval. 

“Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities,” said Giovanni Vicioso, CME Group’s global head of cryptocurrency products, said in a press release.

The futures will be cash-settled to the final settlement price of the CME’s ether futures and divided by the final settlement price of its bitcoin futures. 

The listing cycle will be the same as CME’s bitcoin and ether futures contracts. 

According to Vicioso, this means that “investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.” 

XBTO’s Paul Eisma, head of options, said that “the launch of ether/bitcoin ratio futures completes the currency triangle allowing market makers such as XBTO the ability to arbitrage synthetically, for the first time, all three futures legs: the BTC/USD and ETH/USD dollar legs, and the ETH/BTC cross.” 

CME has expanded its crypto offerings this year, announcing in April that it would be expanding expiries for options on both bitcoin and ether futures contracts, making them available Monday through Friday. 

It announced that it would be adding bitcoin futures to its event contracts earlier this year, though it first listed bitcoin futures back in 2017. 

In 2022, CME added ether options contracts, an add-on to its ether contracts which were first listed in 2021. It listed bitcoin futures way back in 2017.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

Sponsored

Injective is not waiting for the future of finance. It is bringing it directly to us, today.

article-image

Bitcoin has been bullish for nearly 1,000 days

article-image

Robinhood announced that it’s building an L2 and also plans to launch staking for US users

article-image

“We’re not really doing anything controversial,” said co-founder Zak Folkman at Permissionless last week

article-image

Why equities are more stable than in past decades, plus advice from Peter Lynch

article-image

As Permissionless speakers talk on-chain RWA potential, tokenized stock platform Dinari secures FINRA broker-dealer approval