finance
Memory and semiconductor ETFs drop from June peaks while Bitcoin rises above $61,000
The Roundhill Memory ETF dropped 25 percent from its June 22 high while Bitcoin rose from below $58,000 on July 1 to $61,657 on July 3. Sandisk and Micron shares had risen more than 530 percent and 230 percent respectively earlier in 2026.
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The Roundhill Memory ETF fell 25 percent from its June 22 record high and the VanEck Semiconductor ETF dropped around 12 percent from its June peak, CoinDesk reported. Bitcoin traded above $61,000 on July 3 after falling below $58,000 two days earlier, closing at $61,657.03.
Sandisk shares rose more than 530 percent in 2026 and Micron Technology shares climbed more than 230 percent over the same period.
The Roundhill Memory ETF more than doubled in the first half of 2026 while the VanEck Semiconductor ETF gained 60 percent. BlackRock's iShares Bitcoin Trust fell 30 percent in 2026. Meta Platforms is creating a business unit called Meta Compute to sell excess GPU computing capacity to third parties.
Shares of IREN, Cipher Digital and TerraWulf each fell at least 20 percent from their all-time highs after the announcement. Sandisk designs and manufactures NAND flash memory used in AI servers, smartphones and data centers. Micron Technology produces DRAM and high-bandwidth memory chips used in AI infrastructure.
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