CME Ether futures: How is the contract designed?

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The authors discuss how the CME Group calculates the price index underlying futures contracts based on the cryptocurrency Ether.

Following in the wake of the CME’s Bitcoin futures launched in December 2017, the CME’s exchange-traded Ether futures went live earlier this year and are gaining popularity. The Ether futures share many similarities with the Bitcoin futures products also listed by CME, including that both are cash settled based on a calculated reference rate index.

In this article, authors Abe Chernin, Nicole Moran, and Robert Letson describe how the CME Group calculates the price index underlying futures contracts based on the cryptocurrency Ether, and explain what the contracts represent and how they are traded.

This article was originally published by Westlaw in November 2021.


The views expressed in this article are solely those of the authors, who are responsible for the content, and do not necessarily represent the views of Cornerstone Research.

CME Ether Futures

Authors

  • Chicago

Abe Chernin

Vice President

  • Washington

Nicole M. Moran

Principal

  • Washington

Robert Letson

Senior Manager