Home / Business and Economy / DRAM ETF Shatters Records Amid Crypto Outflows
DRAM ETF Shatters Records Amid Crypto Outflows
26 May
Summary
- Memory ETF amassed $6.5 billion in assets in 27 trading sessions.
- Bitcoin and Ethereum ETFs experienced significant outflows last week.
- DRAM ETF surged over 84% since its launch on April 2.
The financial landscape witnessed a significant pivot last week as the Memory ETF, trading as DRAM, achieved a historic milestone, becoming the fastest-growing exchange-traded fund on record. Launched on April 2, it amassed over $6.5 billion in assets in just 27 trading sessions, surpassing the previous record held by the BlackRock IBIT Bitcoin ETF.
This rapid accumulation coincided with substantial outflows from major cryptocurrency ETFs. Spot Bitcoin ETFs saw net outflows of $1.257 billion between May 18 and May 22, while Ethereum-based ETFs experienced outflows of approximately $216 million during the same period.
The DRAM ETF's impressive growth, surging over 84% since its inception and reaching $10 billion in assets within 30 sessions, highlights mounting investor enthusiasm for memory chips and AI infrastructure. This performance positions it among the top US ETFs for year-to-date inflows and makes it a highly traded fund on Wall Street.
While Bitcoin and Ethereum faced selling pressure, other cryptocurrencies saw varied performance. Spot SOL ETFs attracted over $15 million, and spot XRP ETFs garnered $22 million in net flows. The Hyperliquid's HYPE token notably soared by approximately 40%.
