VanEck acquires stake in CCData following SEC’s approval of Bitcoin ETFs

Rick Steves

 “CCData is aligned with our goal of providing quality information to digital asset investors. To make informed decisions, investors need accurate data. We look forward to CCData’s continued growth and expansion of products to meet client needs. To me, one of their most impressive milestones was when they received authorization as an FCA-authorized benchmark administrator, aligning their market-leading methodologies with the U.K.’s regulatory standards.”

CCData has successfully completed a strategic fundraising round, led by VanEck, a prominent New York City-based asset manager, and MarketVector Indexes, a renowned global index provider.

This significant investment marks a pivotal moment for CCData, underlining its stature as a global leader in digital asset data and index solutions.

CCData is an FCA-regulated benchmark administrator

Established in 2014, CCData specializes in aggregating live cryptocurrency data from recognized global exchanges. It provides an array of services including comprehensive digital asset data, reference rates, and indexes. The firm is notable for its accreditation by the Financial Conduct Authority (FCA) as a benchmark administrator, a testament to its adherence to high standards in data integrity and reliability.

The strategic investment by VanEck and MarketVector Indexes, which have been in partnership with CCData since 2017, is a recognition of CCData’s significant contributions and growing influence in the digital assets data sphere. This investment positions CCData to further enhance its offerings and expand its reach to meet the increasing institutional demand in the digital asset market.

“To make informed decisions, investors need accurate data”

Charles Hayter, CEO and Co-Founder of CCData, said: “With influential institutions actively entering the digital asset sector, the demand for robust data and indexing solutions that mirror the gold standard of traditional finance is paramount. VanEck’s investment in CCData stands testament not only to the achievements and growth we have made in this area since launching in 2014, but also to the strides taken by the digital asset industry over the last years. With the first U.S. spot Bitcoin ETFs now approved, the digital asset sector is poised for a powerful phase of adoption, in which trusted market-leading data solutions will play a crucial role in steering its growth.”

Jan van Eck, CEO of Van Eck Associates Corp, commented: “CCData is aligned with our goal of providing quality information to digital asset investors. To make informed decisions, investors need accurate data. We look forward to CCData’s continued growth and expansion of products to meet client needs. To me, one of their most impressive milestones was when they received authorization as an FCA-authorized benchmark administrator, aligning their market-leading methodologies with the U.K.’s regulatory standards.”

Steven Schoenfeld, CEO of MarketVector Indexes, added: “MarketVector has been a partner with CCData since 2017, when we launched our initial family of Digital Asset indexes. We continue to innovate and grow our crypto index and data capabilities together with CCData, ensuring relevant, reliable and regulatory-compliant solutions for our clients,” he continued.

The investment by VanEck in CCData comes at a pivotal time, closely following the U.S. Securities and Exchange Commission’s (SEC) approval of Bitcoin ETFs. This investment is significant for several reasons:

The SEC’s approval of Bitcoin ETFs marks a major shift in the regulatory landscape, recognizing the legitimacy and potential of digital assets within mainstream finance. There’s now an increased need for accurate, reliable digital asset data. Investors, financial institutions, and regulators require precise and comprehensive information to make informed decisions and ensure market integrity. CCData, as an FCA-authorized benchmark administrator, provides such critical data and indices.

CCData’s data solutions are already widely utilized by leading entities in both the traditional financial and digital assets sectors. Its clientele includes prominent names such as MSCI, Pantera, Ripple, BitGo, Metamask, Coinbase, and 21Shares. Furthermore, CCData has established strategic distribution partnerships with various platforms, including Refinitiv, SIX Digital, and FactSet.

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