According to Foresight News, the Chicago Mercantile Exchange (CME) is set to introduce Bitcoin Friday Futures (BFF) on September 30, 2024. Each BFF contract will represent 1/50th of a Bitcoin. These shorter-term contracts will expire every Friday at 4:00 PM and will be settled based on the CME CF Bitcoin Reference Rate New York Variant, which may more closely align with the spot price of Bitcoin.