The Chicago Mercantile Exchange Group (CME) announced Thursday that it plans to launch futures on the ethereum/bitcoin (ETH/BTC) ratio on July 31, subject to regulatory approval. The futures product will be cash-settled and value will be determined by dividing the CME Ethereum futures final settlement price by the corresponding CME Bitcoin futures final settlement price. In May, CME Group added daily expiry bitcoin and ethereum futures options contracts as well as micro bitcoin and ethereum futures.