The fastest growing ETFs in recent years are the latest AI efforts to take flight in a variety of ways.
roundhill investment Memory ETF (DRAM) The organization, which tracks the hot memory sector, has raised more than $5 billion since its launch on April 2, including $1.1 billion on Thursday alone. Goldman says the company got off to a hot start, amassing $1 billion in its first 10 days of trading, a milestone that follows the rollout of a large Bitcoin ETF three years ago and the debut of iShare’s popular LQD bond fund, SPDR’s classic GLD gold ETF and JPMorgan’s BBCA Canadian equity fund.
“Memory has been identified as a clear bottleneck for AI, and the shortage of these chips will last for years, not just quarters,” Round Hill CEO Dave Mazza said on the call.
Round Hill Memory ETF
DRAM has seen inflows every day since its launch, with 23 consecutive sessions of inflows, paralleling a 70% increase in ETF prices. micron and sandisk Set records every day.
expensive call buying
Option traders looking for new ways to trade on the AI boom are flocking to CBOE-listed DRAM, with more than 90,000 contracts traded on Thursday and nearly twice as many calls as puts. The fund is already among the top 40 U.S.-listed ETFs by options trading volume.
Another reason for the fund’s popularity is that it includes star Korean chip stocks SK Hynix and Samsung Electronics.
“These are two of the largest memory companies and companies that are essentially inaccessible to U.S. investors,” Mazza said. “If you buy the Korea ETF, you’re getting something you don’t want elsewhere. And if you buy the semiconductor ETF, companies like Micron are underweighted.”
