Hyperliquid launches perpetual futures tied to Bitcoin volatility index

Hyperliquid has launched BVIV perpetual futures, giving traders a way to take long or short positions on 30-day bitcoin volatility. The contracts are deployed through Kinetiq’s Markets frontend, with the launch led by Volmex CEO Cole Kennelly, according to CoinDesk. BVIV is described as a “bitcoin VIX” market, offering a derivatives-based instrument focused on volatility rather than bitcoin’s spot price. The debut adds a volatility-focused product to Hyperliquid’s trading venue and expands access to perpetual futures linked to an indicator of expected bitcoin volatility. The launch is relevant to BTC markets and the Hyperliquid ecosystem, while Kinetiq is involved in the product’s frontend deployment.