The Memory ETF (DRAM) from Roundhill Investments has quickly become the fastest-growing exchange-traded fund in years, amassing over $5 billion since its launch on April 2. Notably, it attracted $1.1 billion in inflows on Thursday alone, marking a remarkable start that rivals the most successful ETF rollouts in recent history. The fund focuses on the memory sector, which is critical for AI applications, as highlighted by Roundhill CEO Dave Mazza, who noted a prolonged shortage of memory chips.
The surge in DRAM’s popularity correlates with a 70% increase in its price, driven by strong performances from key holdings like Micron and Sandisk. Additionally, the fund has seen consistent daily inflows and significant options trading activity, with over 90,000 contracts traded on Thursday, indicating robust investor interest in the AI-driven memory market.
For market professionals, DRAM’s unique positioning—offering exposure to major South Korean chip manufacturers like SK Hynix and Samsung—presents a compelling opportunity to capitalize on a critical segment of the AI supply chain that is otherwise difficult to access through traditional ETFs.
Source: cnbc.com