Cboe wants to turn VIX into a never-ending trade: Crypto Daily
Summary
Cboe is exploring perpetual futures tied to the VIX, though the idea is at an early stage with no contract specifications or regulatory filing. Unlike expiring futures, perpetual contracts use funding payments to track an underlying index and avoid costly rollovers. They could draw more traders to volatility markets and improve alignment among VIX products, but funding costs and the difficulty of hedging against an index that cannot be traded directly remain challenges. Crypto exchanges already offer illiquid VIX-linked perpetuals, and Hyperliquid has listed contracts tied to bitcoin volatility. The development reflects growing convergence between traditional and crypto markets.
