According to a press release issued on December 6, the Chicago-based CME Group has launched cash-settled micro Ether futures. The product was first revealed in early November. The contract’s size is 1/10 of 1 ETH, which is equivalent to $405 at the time of publication. It is now available for trading under the ticker MET. According to CME’s Tim McCourt, the introduction of micro futures will allow individual and institutional traders to execute their trading strategies more efficiently:

As investor demand for digital assets grows, we are excited to now provide our clients with access to Micro Ether futures as a cost-effective, efficient, and transparent way to access cryptocurrency and manage Ether exposure.

During the recent crash, Ethereum outperformed Bitcoin significantly, reviving the “flippening” narrative.