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The product is coming to market February 8, 2021 subject to regulatory approval. It will be cash-settled and based on the firm's CME CF Ether-Dollar Reference Rate. According to CME's website, one contract will be equal to 50 ETH.
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“Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether futures will provide our clients with a valuable tool to trade and hedge this growing cryptocurrency,” said McCourt.
https://www.theblockcrypto.com/linked/88028/cme-group-announces-ethereum-futures
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