Golden Finance reported that Despread Research, the research arm of Web3 consulting firm Despread, released a report on the evolution of the Memecoin market and future potential, analyzing the utility of Memecoin as a speculative asset. The team noted 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. The report said that while the launch of the VanEck Memecoin Index Fund is unlikely to immediately attract institutional investment in Memecoin, the community-driven Memecoin has grown and developed without any utility, attracting 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. We have seen that cryptocurrency-based fund companies want to include Memecoin in their portfolios. 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 has achieved a return rate of 137%. According to Despread Research, as a carrier of social ideology, Memecoin will continue to grow and develop.