VanEck launches MarketVector “MEMECOIN” index to track BONK, FLOKI, DOGE, PEPE, WIF and SHIB tokens

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Shiba,PEPE

While Bitcoin exchange-traded funds (ETFs) track BTC price, $90 billion asset manager VanEck has launched a separate index, christened MEMECOIN, to track the performance of the sector’s best and worst performers.

VanEck has launched a meme coin index featuring the best and worst-performing meme coins. Asset manager highlights a disclaimer that “coins are intended for entertainment purposes.” There is not a single cat in this index so far, but it could feature as MEW and POPCAT continue headlining. While Bitcoin exchange-traded funds track BTC price, $90 billion asset manager VanEck has launched a separate index, christened MEMECOIN, to track the performance of the sector’s best and worst performers.

and BONK also featured. Cognizant that meme coins are a global shelling point for speculative liquidity, the asset manager has issued a disclaimer that “The coins are intended for entertainment purposes.” This underscores the sector’s volatility and ease of price fluctuations based on market sentiment. It is because of this nature that some believe that cat-themed tokens could make their way into the index soon. Not a single cat coin in the Van Eck meme index.

Source: Digital Coin News (digitalcoinnews.net)

Shiba PEPE

 

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