VanEck’s MarketVector Starts Index to Track the Largest Meme Coins
The index contains a variety of dog-themed coins and other popular meme tokens.
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VanEck
The index contains a variety of dog-themed coins and other popular meme tokens.
Already a multi-billion-dollar sector of the crypto industry, the DePIN narrative is a promising one, according to experts.
The valuation is based on the future expected usage of several layer 2 networks across usecases such as metaverse, banking and gaming.
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund.
HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.
VanEck, a 69-year-old asset manager with a history of bringing newfangled investments to customers, has high hopes for the role crypto will play in its European division.
A sudden trading volume on VanEck’s HODL product seemed “retail armyish,” one analyst said.
BlackRock and VanEck, two among 13 issuers hoping to launch bitcoin exchange-traded funds (ETFs) in the U.S., have filed updated documents on Tuesday.
BlackRock said its fee will start at 0.20%, rising to 0.30%.
The move is reminiscent of a similar pledge by VanEck to donate 10% of profits from its ether futures ETF to Ethereum developers in October last year.