Circle Stock Becomes Largest Component of VanEck Digital Asset Index

According to Cointelegraph, Circle stock holds the largest weighting in VanEck's Digital Asset Company Index, highlighting its growing influence in the crypto economy.

Circle stock accounts for 13% of the MVIS Global Digital Assets Equity Index (MVDAPP) developed by VanEck's subsidiary, up from approximately 11% on Friday. This index tracks the performance of large, highly liquid companies in the crypto space.

VanEck Digital Assets Research Director Jeremy Allaire stated, "Our total holdings now exceed the holdings of Circle CEO Jeremy Allaire."