Circle becomes largest weighting in VanEck Digital Asset Company Index

Shares of stablecoin issuer Circle have now become the largest weighted investment in the VanEck Digital Asset Companies Index (MVDAPP).
Circle shares account for 13% of the MVDAPP index, which is developed by a subsidiary of VanEck and is a benchmark index of listed companies in the virtual asset sector.
Investors can indirectly invest in the index through the VanEck Digital Transformation ETF.
Cointelegraph, a media outlet specializing in virtual currencies, commented, "Stablecoin issuers are creating new value in the virtual asset economy.
"They have begun to wield greater and greater influence."