Memory ETFs dominate leveraged launches as SanDisk fund adds $1.5bn
Leveraged long memory-chip ETFs are seeing the strongest early AUM growth among this year's US-listed launches, led by the 2x SanDisk fund.
Fresh flows into recently launched leveraged ETFs show investors favoring memory-chip exposure. The 2x leveraged long SanDisk ETF (SNXX) has added $1.5 billion in assets under management since its January 27 launch, the largest increase among US-listed leveraged ETFs launched this year.
The 2x leveraged long memory ETF (RAM) ranks second, with AUM up $500 million since its June 24 debut. By contrast, leveraged long ETFs tied to Applied Optoelectronics (AAOI), AXT (AXTI), and Lumentum (LITE) have each grown by less than $400 million since their launches.
SNXX's AUM increase exceeds the combined growth of the next four largest US leveraged ETF launches this year, underscoring strong demand for leveraged memory-chip exposure.
Source: The Kobeissi Letter