Themes ETFs files for leveraged version of Roundhill’s DRAM ETF after 98% surge

Themes ETFs has filed for a leveraged version of the Roundhill Memory ETF (DRAM), which has experienced a nearly 98% surge since its launch six weeks ago, amassing $6.7 billion in assets. The DRAM ETF captured 17% of all US stock ETF inflows in the week ending May 8. The fund focuses on global memory chip manufacturers like SK Hynix and Micron Technology, driven by the high demand for High-Bandwidth Memory (HBM) in AI model training and data centers. A leveraged DRAM ETF aims to multiply daily returns using derivatives and debt, but carries significant risks due to daily rebalancing and compounding effects, especially in volatile markets. The concentration of DRAM's assets in its top two holdings amplifies potential fragility from negative news in memory earnings or AI spending guidance.

(Source：Crypto Briefing)