# Hyperliquid Launches Bitcoin Volatility Contract With 5x Leverage

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/25348
Published: 2026-09-29T13:24:14.000Z
Updated: 2026-09-29T13:24:14.000Z
Section: Investing

> The BVIV contract tracks Bitcoin’s implied volatility and was deployed by Markets.xyz.

Hyperliquid launched a Bitcoin (BTC) implied-volatility index contract with leverage of up to 5x, adding a volatility-focused product to the crypto exchange’s derivatives lineup.

The contract, identified as BVIV, went live Sept. 29 and was deployed by Markets.xyz. It is tied to Bitcoin’s implied volatility, a measure of the market’s expected price swings over the next 30 days.

The product lets traders take positions on whether expected volatility will increase or decrease without assembling a broader options strategy. The 5x leverage limit sets the maximum exposure available through the contract.

Hyperliquid has also added a BVIV perpetual contract, extending its range of instruments beyond direct bets on crypto prices to derivatives linked to market volatility.