VanEck Launches “MEMECOIN” Index: Bridging the Gap Between Cryptocurrencies and Internet Culture

VanEck, one of the issuers of Bitcoin spot ETFs, has launched a meme coin index called “MEMECOIN” under its MarketVector Index. It is an adjusted market cap weighted index that tracks the performance of the six largest meme coins.

The index was released on April 22nd this year and includes 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 cryptographic assets named after characters, individuals, animals, artworks, or other meme elements. These tokens were initially supported by enthusiastic online traders and communities and were intended for entertainment purposes.

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

VanEck is an asset management company based in New York City, USA. It is primarily engaged in the issuance and management of ETFs and mutual funds and is also one of the issuers of Bitcoin spot (HODL). VanEck also has Ethereum funds and a Digital Transformation ETF (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 regularly publishes reports on the cryptocurrency market and launched the NFT market and digital asset management platform called “SegMint” in February.

(Reference: Rolex and Wine on the Blockchain? VanEck Launches NFT Platform “SegMint,” Focusing on NFT Ownership Fractionalization)

MarketVector
Memecoin
VanEck

For more information, please refer to the following articles:
– Memeland to Launch Meme Coin Blockchain Memenet in September
– Doodles Airdrops Meme Coin “Poop,” Founder: Market Will Refocus on NFTs