The world’s first crypto volatility indices
BVIV (Bitcoin Volmex Implied Volatility) and EVIV (Ethereum Volmex Implied Volatility) Indices
Ecosystem of Volatility Products
Implied Volatility Indices
Use the BVIV and EVIV Indices as a fear gauge for the market.
Perpetual Futures
Trade BVIV and EVIV perpetual futures on Bitfinex today and more soon!
Indicators
Volmex offers novel indices including Volmex Realized Volatility Indices, Volmex Spot-Volatility Correlation Indices, and soon more.
Use cases
Hedging
BVIV and EVIV are gems that behave differently than an average market portfolio of crypto assets! Volmex implied volatility indices move up when the market goes down, and reduces the losses in times of FUD. Add it to your portfolio now!
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Speculation
BVIV and EVIV are simply the volatility! Volmex implied indices are highly persistent and have a tendency to revert to its mean value. Perfect asset to speculate on!
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Market Indicator
Volmex indices are the fear gauge of the market! EVIV and BVIV capture not only crucial information of the current market state, but also what the market thinks about what’s next. Use Volmex indices to create trading strategies!
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Use the EVIV and BVIV Indices to your advantage in your trading, investing, and analysis.
Latest Research
10-07-2025
Bitcoin and Ethereum Options Summary
October came after large Deribit September expiries, with IBIT options' open interest surpassing that of Deribit BTC options for the first time. As of October 6 end-of-day, IBIT-to-Deribit open interest (OI) reached 95%, while ETHA-to-Deribit OI hit a historical high of 71%.
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08-26-2025
BTC & ETH Options Positioning Before September Fed Meeting
Both onshore (IBIT/ETHA) and offshore (Deribit) markets are heavily concentrated in expiries immediately after the Fed’s Sep 17 meeting, this is a clear sign that traders are bracing for volatility.
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09-12-2025
BTC & ETH Options Market Update
While BTC ETF options imply a need for hedging the downside risk (i.e. low deltas), ETH options are showing a clear bullish tendency, with a possibility of treasuries and institutions positioning for upside.
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07-24-2025
BTC Options Market Update
IBIT's higher average delta and lower average strike imply more ATM and ITM option exposure, while Deribit skews toward out-of-the-money calls. As for the expiries, both set of options have similar maturity profiles.
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