Hyperliquid Launches Bitcoin Implied Volatility Perpetual Futures Offering Up to 5x Leverage

Decentralized exchange Hyperliquid has launched perpetual futures tracking the Bitcoin Volmex Implied Volatility Index under the ticker BVIV. The instrument allows traders to speculate on or hedge against Bitcoin's expected 30-day volatility without managing multi-leg options strategies. Offering up to 5x leverage, the contract features a linear payout of $1 USDC per index point movement, hourly funding intervals, and an initial open-interest cap of $2 million. The BVIV index tracks forward-looking volatility using real-time options data aggregated from Deribit and OKX, following its deployment with Markets.xyz and Volmex Finance.