Overview
- DRAM reached $6.5 billion in assets in 36 days, outpacing early inflows into BlackRock’s and Fidelity’s spot bitcoin ETFs, according to Bloomberg Intelligence.
- Since its early April launch, the fund has risen about 98% and logged a single-session 13% jump that drew roughly $1 billion of new money.
- Trading cooled after the surge, with the ETF and key holding Micron easing from fresh highs in the next session.
- The portfolio is highly concentrated, led by Micron at roughly 27%, SK Hynix near 26%, and Samsung around 20%, making it a focused wager on DRAM, storage, and high‑bandwidth memory for AI systems.
- Analysts warn that memory markets swing in boom‑bust cycles, and that weaker demand or added capacity could trigger oversupply and falling prices that would pressure the fund.