Bit Vol Index Measures the Expected 30-day Implied Volatility Derived from Tradable Bitcoin Option Prices
CHICAGO & SYDNEY- Akuna Capital and T3 Index (T3) today announced the launch of ‘Bit Vol’, an index measuring the expected 30-day implied volatility derived from tradable Bitcoin option prices.
Developed in partnership with T3 Index – an expert in volatility and options-related indexing, Bit Vol is calculated using tradeable option prices.
Cryptocurrencies, especially Bitcoin, have captured the imagination of investors around the world in the past few years. The launch of the Bit Vol index means investors now have clearer visibility about what’s happening in the market and are able to make more informed decisions.
The Bit Vol index is designed to use the full range of option strikes to best capture the market outlook on expected volatility. This transparent, reliable and time-tested approach enables the index to present precise and meaningful information to market participants.
The collaboration with T3 on the Bit Vol Index is led by Andrew Quine from Akuna Capital. Mr Quine said “We are excited to be working with T3 Index on a venture consistent with our focus on technology and innovation. As the leading market maker in OTC Bitcoin options, we are committed to growing the market for digital asset derivatives. We look forward to further innovation from T3 Index, including a real-time index and tradable volatility products based off the Bit Vol Index.”
Simon Ho, CEO of T3 Index said “We are incredibly proud to be partnering with a pioneering Bitcoin options liquidity provider like Akuna Capital and introducing a brand new asset class to the Crypto space”.
The ticker for Bit Vol is .T3BTCVOL and is available on Refinitiv’s Eikon terminal.
Additional information on the index, including a document detailing its methodology, can be found at www.t3index.com
About Akuna Capital
Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting edge technology, data-driven solutions and automation. Founded in 2011, Akuna is the leading options market-maker to successfully enter the industry in recent years. With offices in Chicago, Sydney, Shanghai and Boston, Akuna actively trades on most major digital asset exchanges worldwide; trading spot digital assets, futures and options. As one of the first trading firms to make markets on bitcoin futures, Akuna is proud to be a pioneer in the crypto currency space.
About T3 Index
T3 Index is a research-driven financial indexing firm, specializing in volatility and option benchmarking. T3 Index is dedicated to developing investible, proprietary indices that track related strategies across a range of asset classes to transform the way people invest and manage risk.
Further information on T3Index can be found at www.t3index.com.
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