According to ChainCatcher, according to the official announcement, CME will launch Bitcoin Friday futures (BFF) on September 30, 2024, providing a precise and flexible way to trade Bitcoin.

Each BFF contract represents 1/50 of a Bitcoin, ensuring capital efficiency and accessibility. These shorter-term contracts expire every Friday at 4 p.m. (EST) and are settled based on the CME CF Bitcoin Reference Price New York variant, which may be closer to the spot price of Bitcoin.