finance
New 2× Leveraged Memory ETF Posts Record $380 Million First-Day Volume
The 2x leveraged long memory ETF RAM recorded roughly $380 million in notional volume on its Wednesday debut. The figure set a record for any U.S.-listed leveraged or inverse ETF and exceeded the prior mark held by a SpaceX-linked fund.
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-listed leveraged or inverse ETF on record, @KobeissiLetter reported. RAM tracks the memory ETF DRAM and is designed to deliver 200 percent of its daily performance. The volume surpassed the previous record of about $280 million set by the 2x leveraged long SpaceX ETF SPCH on its June 15 debut.
The 2x leveraged short SpaceX ETF SSPC recorded roughly $215 million in notional volume on the same day. DRAM has risen 177 percent since its inception on April 2.
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