$RAM ETF Launch Sets Record with $380M First-Day Volume

A new leveraged ETF has set a record in its market debut. The Roundhill T-REX 2X Long DRAM Daily Target ETF, trading under the ticker $RAM, saw approximately $380 million in trading volume on its first day, June 24, 2026. This marks the largest launch ever for a US-listed leveraged or inverse ETF.

$RAM is designed to deliver 2x the daily return of its underlying fund, the Roundhill Memory ETF, which trades as $DRAM. That fund focuses on memory semiconductor companies like Micron Technology, SK Hynix, and Samsung. $DRAM itself has attracted strong interest since its April 2026 launch.

Experts warn that leveraged ETFs like $RAM carry significant risk for investors. Their daily reset structure means they aim to deliver twice the one-day performance, not the long-term result. In volatile markets, this can lead to returns that lag the underlying asset significantly over time. The fund also has a 1.25% expense ratio, adding to costs. This product is intended for short-term traders with a specific market view, not for long-term investors.