Bitcoin (available on Coinbase) (BTC) futures hit record low volatility in October on the US Chicago Board Options Exchange (CBOE), MarketWatch reported yesterday.

CBOE Bitcoin (available on Coinbase) (BTC) Futures

Kevin Davitt, a Senior instructor at CBOE Options Institute, published a video on November 1st outlining the volatility decline.

In the video above, Davitt outlines that the average weekly volatility for XBT-CBOE Bitcoin (available on Coinbase) (BTC) futures on the week ending October 26th was just three percent. This is the lowest level of volatility since the futures contracts launched on December 10th, 2017.

As of the first of November, the average weekly XBT high-low range on front-month Bitcoin (available on Coinbase) futures since inception is 15.65%. Since tax day, mid-April 2018, this weekly average had dropped to 10.6%.

“As it turns out, [Bitcoin (available on Coinbase)] XBT futures and cryptos in general are moving with very little speed. The week ending Oct. 26th was the least volatile since futures were introduced nearly a year ago,” Davitt told MarketWatch.

This CBOE Bitcoin (available on Coinbase) (BTC) futures news is a positive one for institutional investors wanting to get into the crypto space, as high volatility is the reason most have stayed away. Even major banks interested in launching their own crypto products have been hesitant due to the volatility and current low-demand for these products.