Roundhill Memory ETF Surpasses $5 Billion in Assets Since April Launch

Roundhill Investment launched the Memory ETF (DRAM) on April 2, and the fund has since raised more than $5 billion. 1 billion on Thursday alone after amassing $1 billion in its first 10 days of trading. That debut haul trails only the rollout of major bitcoin ETFs three years ago, the debut of the iShares LQD bond fund, the SPDR GLD gold ETF and JP Morgan's BBCA Canadian equity fund, according to Goldman.

The DRAM ETF has seen inflows every single day since launch, a 23-session streak. Dave Mazza, CEO of Roundhill, said memory has been identified as the clear AI bottleneck. "Memory has been identified as the clear AI bottleneck and there's a shortage of these chips that's going to last not for a quarter but multiple years," he said.

The DRAM ETF price has rallied 70 percent since launch. Its top holdings include Micron and Sandisk, both of which set records on a daily basis. The fund also includes SK Hynix and Samsung Electronics.

U.S. investors," Mazza said. " Options traders have rushed into the Cboe-listed fund. Over 90,000 options contracts on the DRAM ETF were traded on Thursday, with almost twice as many calls as puts bought.

The DRAM ETF is one of the most actively traded ETFs by options volume on Cboe. Cnbc reported the details of the fund's rapid growth and investor interest. Mazza spoke by phone about the structural drivers behind the inflows.

The persistent daily inflows have coincided with the price rally and record-setting performance from core holdings.