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VanEck turns online slang into strategy with 'Degen Economy' ETF
CNBCยท 2025-12-11 18:15
The logos of the cryptocurrencies Bitcoin (BTC), Ethereum (ETH), the stablecoin Tether (USDT) and Binance Coin (BNB) can be seen on the trading platform CoinMarketCap.VanEck is betting that what started as a slang for reckless online traders can sell an ETF.The firm is renaming its gaming ETF (BJK) the "VanEck Degen Economy ETF," flipping the once-pejorative term into a marketing pitch for the boom in digital finance, gig platforms and online betting, according to a regulatory filing. The change takes effec ...
X @TylerD ๐งโโ๏ธ
TylerD ๐งโโ๏ธยท 2025-12-10 21:58
For those long or short "degen culture" - you'll have a way to financially express that view soonVanEck is changing their Gaming ETF to a Degen Economy ETF, with a basket of assets focused in:- Millennial Finance (digital brokerages, neobanks)- Gig economy (ride share, food delivery)- Digital Gambling (casinos, gambling apps)Very interesting way to bet on cultural trends (or their demise)...Eric Balchunas (@EricBalchunas):The VanEck Degen Economy ETF.. coming soon to a brokerage near you. They are changing ...