One of the issuers of Bitcoin spot ETFs, VanEck, has launched a meme coin index called “MEMECOIN” under its MarketVector Index. It is an adjusted market capitalization weighted index that tracks the performance of the six largest meme coins.
The index was launched 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 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 primarily engages in the issuance and management of ETFs and mutual funds and is also one of the Bitcoin spot (HODL) issuers in the United States. VanEck also has Ethereum funds and a digital transformation ETF that invests in digital asset exchanges, miners, and other infrastructure companies. It is one of the few asset management companies actively investing in digital assets. VanEck frequently publishes reports on the crypto market and launched the NFT market and digital asset management platform “SegMint” in February.
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Rolex and wine on the blockchain? VanEck launches NFT platform “SegMint” targeting NFT ownership fragmentation.
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MarketVector
Memecoin
VanEck
Further reading:
Memeland to launch meme coin blockchain Memenet in September
Doodles airdrops meme coin Poop, founder says market will refocus on NFTs