Hyperliquid has introduced perpetual futures linked to the Bitcoin Volmex Implied Volatility Index (BVIV), giving traders a way to take positions on the scale of bitcoin’s price movements rather than whether the cryptocurrency will rise or fall.
The new contracts track expected bitcoin volatility over a 30-day period. Traders can go long or short on that volatility through the perpetuals, which were deployed through Kinetiq’s Markets frontend.
The listing was led by Markets by Kinetiq in collaboration with Volmex and Perps.fun. It is the first onchain perpetual futures market for Volmex’s Bitcoin volatility index.
Volmex CEO Cole Kennelly led the launch. The product provides direct exposure to changes in the anticipated magnitude of bitcoin’s price swings, separating volatility trading from a straightforward directional bet on the asset itself.
Unlike a conventional bitcoin position, where traders generally profit from predicting an upward or downward move, the BVIV perpetuals are designed around the extent of those movements. A long position reflects a view that implied volatility will increase, while a short position reflects the opposite view.
