The Chicago Mercantile Exchange (CME) Group on Thursday revealed plans for the launch of Ethereum/Bitcoin (ETH/BTC) ratio futures on July 31, pending regulatory approval.

Per the product description on the company’s website, the ticker for the ETH/BTC ratio futures is EBR, with the ratio defined as Ethereum futures price divided by the Bitcoin futures price. The ratio will be calculated as the final settlement price of ETH divided by BTC and will always be positive across all contract months.

“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,” CME Group Global Head of Cryptocurrency Products Giovanni Vicioso said in a statement.

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Author: Andrew Asmakov

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