Hyperliquid Launches BVIV Bitcoin Volatility Index Contracts with 5x Leverage

Key Facts

1Hyperliquid has launched the BVIV Bitcoin Implied Volatility Index Contract.

2The new BVIV contract allows trading with up to 5x leverage and was deployed by Markets.xyz.

Hyperliquid launched the BVIV Bitcoin Implied Volatility Index contract on September 29, 2026. Reports from coincu.com and tokenpost.com indicate that the new instrument allows traders to take positions on expected Bitcoin price swings rather than directional movement, offering leverage of up to 5x.

The contract was deployed by Markets.xyz as a derivatives tool within the platform's perpetual suite, tracking Bitcoin's implied volatility over a 30-day outlook. This launch expands the exchange's product lineup beyond standard spot and futures exposure.