CME Group Reveals Launch Date for Micro Ether Futures
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2 November
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The Chicago Mercantile Exchange is about to launch Micro Ether futures trading on its platform by the end of the year. According to CME Group, the Chicago-based derivatives marketplace plans to expand its crypto derivatives offerings on December 6. Currently, the platform is pending regulatory review.

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Each Micro Ether futures contract represents one-tenth of one ether (ETH). The company said in a press release that the new product will provide an "efficient, cost-effective way for a range of market participants."

"Micro Ether futures will offer even more choice and precision in how they trade Ether futures in a transparent, regulated and efficient manner at CME Group," said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products.

CME Has No Plans to Launch Dogecoin Futures

The addition comes after CME listed Micro Bitcoin futures earlier in May. The platform traded over 2.5 million contracts since launch. CME says the new contract will be cash-settled, based on the CME CF Ether-Dollar Reference Rate.

In October, the US Securities and Exchange Commission (SEC) approved the first US bitcoin futures exchange traded fund (ETF) from ProShares — Bitcoin Strategy ETF. The product is available on the New York Stock Exchange under the ticker "BITO." ProShares's ETF is based on futures contracts under mutual fund rules. These rules, according to SEC head, Gary Gensler, provide "investor protections."

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