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The hottest ETF since bitcoin-mania just added $1 billion in a day
The fastest-growing ETF in years is the latest AI play to go skyward – in more ways than one. Roundhill Investment’s Memory ETF (DRAM) tracking the red-hot memory sector has raised more than $5 billion since its April 2 launch, including $1.1 billion on Thursday alone. It started out of the gates red hot, garnering $1 billion its first 10 days of trading, a milestone that trails only the big bitcoin ETFs rollout three years go and the debuts of iShare’s popular ‘LQD’ bond fund, the staple GLD gold ETF from SPDR, and JP Morgan’s BBCA Canadian equity fund, according to Goldman. “Memory has been identified ... (full story)
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