Vaneck Introduces Meme Coin Tracking With 'MEMECOIN' Index

The investment management firm Vaneck has expanded into the meme coin sector with the launch of its new Marketvector meme coin index, “MEMECOIN.” This index, available through Marketvector Indexes—a company focused on digital assets and various other sectors—monitors the performance of the leading six meme coins. MEMECOIN primarily operates as a modified market cap-weighted index, limiting each meme coin’s influence to 30% to promote diversification and mitigate risks. Dogecoin (DOGE) and shiba inu (SHIB) are the predominant coins in the index, holding weightings of 30.64% and 28.01%, respectively. Additional meme-inspired tokens tracked include PEPE (14.18%), WIF (13.29%), FLOKI (7.17%), and BONK (6.21%). Vaneck’s digital assets research lead Matthew Sigel commented on social media platform X, “These coins are intended for entertainment purposes.”