Innovative digital asset ETFs or structured products are increasing in popularity, but a successful launch requires a reliable, production-ready index founded on quality data. ETF issuers need benchmarks that can satisfy regulatory scrutiny, manage market volatility and handle operational anomalies.
Quality control for ETF launch
When an asset manager has SEC approvals in place and is now preparing to launch a multi-asset crypto ETF, in today’s competitive markets, time is of the essence. Accessing the reliable, correctly formatted data needed, covering digital assets such as Bitcoin, Ethereum and Solana for use across the enterprise, is vital for success.
With its decades of experience in benchmark and index data management and continued focus on what clients really need, Rimes is already delivering live digital asset benchmark data. The issuer can rely on Rimes’ data management expertise to provide the digital asset data it needs – typically within a matter of weeks – to power its index calculations, feed daily NAV calculations, manage creation/redemption processes and expedite fund marketing disclosures.
Quality digital asset data processes:
- Data ingestion
- Accommodation of multiple sources: global exchanges, market aggregators, blockchain data
- Cleansing & normalization: adjusting for inconsistent tick sizes, decimals or time stamps
- Seamless handling of events
- Adjusting for forks, airdrops, redenomination, delisting
- Rules to ensure indexes reflect investable reality
- Validation and quality control
- Cross-source reconciliation
- Outlier detection and suppression
- Full audit trail of adjustments
- Data reliability for index calculation
- Intraday and end-of-day indexes calculation
- Weighting methodologies: market cap, liquidity, equal-weighted or custom client rules
- Delivery across the enterprise
- Flexible APIs, flat files or direct integration into ETF platforms
- SLAs to ensure uptime and reliability.
Governance and Transparency:
Rimes provides clear methodology documentation, version control and transparent governance practices for its data management – often a critical differentiator for regulators and auditors.
- Redundant data sources to mitigate exchange outages
- Disaster recovery protocols to ensure continuity during high-volatility events
- Continuous monitoring of methodology relevance as new assets or chains emerge
Operational significance
Operational failures in digital asset data can easily lead to reputational damage or regulatory setbacks in what is a highly competitive market. Rimes’ ability to deliver reliable and accurate benchmark data along with its processes and protocols to defend methodologies provides the strong foundation issuers need to launch and manage new product offerings.
Conclusion
Rimes’ digital asset data management services give ETF issuers and asset managers the certainty they need to confidently improve time to market within robust frameworks.
Follow Rimes so that you don’t miss the next blog in the series to explore how the accelerating boom in crypto ETFs will reshape the industry and why Rimes is strategically positioned to lead.
