VanEck launches index MEMECOIN! Track DOGE, SHIB, PEPE, BONK, etc.

VanEck, one of the issuers of Bitcoin spot ETFs, and its Market Vector index, launched the Meme Coin Index "MEMECOIN", which is an adjusted market capitalization weighted index tracking Performance of the 6 largest meme coins.

The index was released on April 22 this year. The Meme coins and weights included are as follows:

• Dogecoin: 30.64%

• ShibaInu: 28.01%

• Pepe: 14.18%

• ##dogwifhat: 13.29%

• FlokiInu: 7.17%

• BONK: 6.71%

Market Vector explains Meme coin this way─Meme coin is Crypto assets named after characters, individuals, animals, works of art, or other Meme elements. These tokens were initially supported by passionate online traders and communities and were intended to be used for entertainment purposes.

Market Vector also has dozens of cryptocurrency-related indices, including Bitcoin, Ethereum, Solana, TRON, and more.

VanEck is an asset management company located in New York City, USA. It is mainly engaged in the issuance and management of ETFs and mutual funds. It is also one of the issuers of Bitcoin spot (HODL) in the United States. VanEck also has Ethereum funds and digital transformation ETFs (investing in digital asset exchanges, miners and other infrastructure companies). It is one of the few asset management companies that actively invests in digital assets. VanEck also often issues reports related to the encryption market, and in In February, the NFT market and digital asset management platform “Seg Mint” was launched.

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