VanEck launches meme coin index "MEMECOIN" for the savvy crypto investor!

VanEck, one of the issuers of Bitcoin spot ETFs, has launched a meme coin index called "MEMECOIN" under its MarketVector index. It is a market capitalization-weighted index that tracks the performance of the top 6 meme coins.

The index was released on April 22 this year, including the following meme coins and their weights:

• Dogecoin: 30.64%
• Shiba Inu: 28.01%
• Pepe: 14.18%
• dogwifhat: 13.29%
• Floki Inu: 7.17%
• BONK: 6.71%

MarketVector explains meme coins as follows - Meme coins are cryptographic assets named after characters, individuals, animals, artworks, or other meme elements. These tokens were initially supported by enthusiastic online traders and communities for entertainment purposes.

MarketVector also offers dozens of indices related to cryptocurrencies, including Bitcoin, Ethereum, Solana, TRON, and more.

VanEck is an asset management company based in New York City, mainly engaged in the issuance and management of ETFs and mutual funds, and is also one of the issuers of the US Bitcoin spot HODL. VanEck also has Ethereum funds and digital transformation ETFs investing in digital asset exchanges, miners, and other infrastructure companies, making it one of the few asset management companies actively investing in digital assets. VanEck also frequently releases reports on the crypto market and launched the NFT market and digital asset management platform "SegMint" in February.

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