Mentioned:
The enormous boom for memory chips has made major waves on Wall Street. And now, a new ETF is making history.
What’s happening:
- The Roundhill Memory ETF (CBOE: DRAM) has officially reached $6.5B USD in assets under management
Why it matters:
- The Roundhill Memory ETF is now the single fastest growing ETF to ever go from launch to $6.5B USD in assets under management
Going deeper:
- The Roundhill Memory ETF has roughly 70% of their total exposure to publicly traded memory companies held in SK hynix, Samsung and Micron Technology (NASDAQ: MU)
- Sandisk (NASDAQ: SNDK), Seagate Technology (NASDAQ: STX) and Western Digital Corporation (NASDAQ: WDC) are also significant holdings in the Roundhill Memory ETF
The intrigue:
- Blackrock’s iShares Bitcoin Trust ETF (NASDAQ: IBIT) was previously the fastest growing ETF to ever hit $6.5B USD in assets under management from initial launch and is still the fastest growing ETF to ever reach $70B USD in assets under management
