A newly launched Roundhill Memory ETF (CBOE: DRAM) has become the fastest-growing ETF ever, as the AI boom fuels strong demand for memory products.
The Hottest Trade
According to an X post by The Kobeissi Letter on Sunday, "The memory chip trade is hotter than ever."
DRAM has accumulated $6.5 billion in assets in just 27 days, since its inception on April 2, and a record $10 billion in 30 days, a faster rate than any ETF in history. This move has broken the record of the iShares Bitcoin Trust ETF (NASDAQ:IBIT), which "took 30 trading sessions to cross the threshold" of $6.5 billion in AUM.
With $62.4 billion in assets under management, IBIT seeks to track the price of Bitcoin (CRYPTO: BTC). It has an expense ratio of 0.25% and trades in an average daily volume of more than 35 million shares.
