Memory ETF $DRAM Surpasses $25B AUM, Overtakes South Korea ETF $EWY
The Memory ETF (DRAM) has reached $25 billion in assets under management, overtaking the 26-year-old South Korea ETF (EWY) just weeks after its launch. It has attracted $22 billion in inflows, while EWY saw $2 billion in outflows over the same period.
The Memory ETF (NYSEARCA: DRAM) has seen explosive growth since its April 2nd debut, crossing $25 billion in assets under management and overtaking the long-established South Korea ETF (NYSEARCA: EWY) in AUM for the first time.
DRAM has pulled in a record $22 billion in inflows since launch. Over the same stretch, EWY posted $2 billion in outflows. Before DRAM's arrival, EWY had already gathered $6 billion in inflows in 2026.
The two ETFs still share a 46% overlap in underlying holdings — prior to DRAM, investors commonly used EWY as a proxy for memory stocks. The data suggests the memory trade has never been more popular.
Source: The Kobeissi Letter