Circle Internet Group's stock is now the top holding in VanEck's digital asset corporate index.
From Cointelegraph
June 23, 2025 4:20:00 PM:
Circle Internet Group’s stock holds the largest weighting in VanEck’s digital asset corporate index, making up 13% of the MVIS Global Digital Assets Equity Index. Investors can access this index through VanEck’s Digital Transformation ETF. Companies in the index must generate at least 50% of their revenue from digital assets.
VanEck’s Digital Transformation ETF, launched in 2021, has over $210 million in net assets with a 5.3% year-to-date return. Circle’s stock debuted on the NYSE less than three weeks ago, surging past its IPO price and rising 167% on its first trading day. Shares have continued to rise, increasing over 11% on Monday to $263.
Circle, the company behind USDC, the second-largest digital dollar stablecoin, is gaining prominence in the US digital asset economy. The high-profile GENIUS Act, which could impact USDC’s role, was passed by the Senate and is now heading to the House for deliberation. USDC is expected to be eligible collateral for US futures trading next year.
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