According to ChainCatcher, Despread Research, the research arm of Web3 consulting firm Despread, recently released a report on the evolution of the Memecoin market and its future potential. The report pointed out that VanEck, an American asset management company, launched a Memecoin index fund that tracks the prices of six popular Memecoins, including DOGE, PEPE and WIF.

Although the launch of the VanEck Memecoin Index Fund is unlikely to immediately attract institutional investment in Memecoin, the community-driven Memecoin has grown without any utility and attracted institutional interest, which is significant. The VanEck Memecoin Index Fund may become a catalyst for more institutional and retail investors to become interested in Memecoin.

In addition, the report also mentioned that there are already cryptocurrency-based fund companies that want to include Memecoin in their portfolios. For example, Stratos, a California-based cryptocurrency fund company, launched the WIF Liquidity Fund in December last year, and as of the first quarter of 2024, the fund's return rate has reached 137%. Despread Research said that as a carrier of social ideology, Memecoin will continue to grow and develop.