The Chicago Mercantile Exchange (CME) has launched new Bitcoin (BTC) futures that expire every Friday. Known as BFFs, these contracts allow traders to bet on key U.S. economic data.

- The contracts have low margin requirements and are available to retail investors.

- The first day of trading attracted more than 31,000 contracts, making it the most successful crypto futures launch on the CME.

- Weekly futures allow for more accurate exposure to news and economic data, such as inflation and employment data.

- Short-term contracts reduce the spread between futures and spot prices, reducing rollover costs and increasing profitability.

According to CF Benchmarks CEO Sui Cheung, weekly futures simplify analysis for retail traders and improve market liquidity.