Memory ETF Surpasses $200M in Record Retail Buying Amid AI Boom

The Roundhill Memory ETF (DRAM) has become the fastest thematic ETF to attract $200 million in cumulative retail net buying in just 27 trading days. That's the quickest pace since 2020. Launched on April 2, 2025, the fund has returned roughly 88%.

DRAM focuses on high-bandwidth memory, a critical component that feeds data to GPUs fast enough to support AI workloads. The fund's top holdings include SK Hynix at 27.4%, Micron Technology, Samsung Electronics, and SanDisk. Total assets under management have swelled to about $6 billion.

Analysts point to a potential "memory super cycle" as AI server deployments accelerate. However, DRAM's concentrated portfolio carries risk. Memory chips are historically cyclical, and the fund is heavily dependent on a single South Korean chipmaker. A retail-heavy ownership base could also amplify drawdowns during market shifts.