The AI memory-chip trade may be entering its next speculative phase. After leveraged ETF filings were tied to the booming Micron Technology Inc (NASDAQ:MU)-led memory rally, ETF issuers are now moving into structured-product territory.
• What should traders watch with DRAM?
Bloomberg Senior ETF Analyst Eric Balchunas revealed in a post on X that GraniteShares has filed for an "Autocallable DRAM ETF," the latest sign that Wall Street is racing to package the explosive momentum surrounding the Roundhill Memory ETF (BATS:DRAM) into increasingly complex products.
The filing comes just days after Themes ETF Trust submitted paperwork for the Leverage Shares 2X Long Memory Daily ETF, designed to deliver twice the daily performance of the DRAM ETF.
The underlying DRAM ETF has become one of 2026's hottest launches, soaring almost 80% since debuting in April and rapidly amassing roughly $6.25 billion in assets under management as investors pile into AI infrastructure plays.
