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