Memecoins
VanEck subsidiary launches index containing exclusively Memecoin
A new fund focused exclusively on meme coins like SHIB has been introduced by MarketVector, a subsidiary of VanEck specializing in digital assets. The index tracks the performance of Shiba Inu and five other meme coins such as DOGE, WIF, BONK, PEPE and FLOKI. To eliminate risks and promote diversification, MarketVector limited the asset weighting in the index to 30%, where Shiba Inu got a weighting of 28.01% and that of Dogecoin at 30.64%. MarketVector also clarified that the fund was for entertainment purposes, given its volatile nature.