2x Leveraged Memory ETF RAM Posts Record $380M First-Day Volume

The 2x leveraged long memory ETF, ticker RAM, saw ~$380 million in notional volume on its first trading day Wednesday, setting a new record for the largest first-day volume among US-listed leveraged or inverse ETFs. The fund tracks the memory ETF, DRAM, and is designed to deliver 200% of its daily performance.

This volume exceeds the previous record held by the 2x leveraged long SpaceX ETF, SPCH, which recorded ~$280 million on its June 15 debut. The 2x leveraged short SpaceX ETF, SSPC, ranks third with ~$215 million in volume on the same day.

Meanwhile, the underlying Memory ETF, DRAM, has surged +177% since its inception on April 2nd. The data suggests significant capital inflows into memory and storage technology stocks.