The US storage chip ETF DRAM has seen its assets under management grow by 20% to $28 billion over the past two months. Despite a 28% drop in fund prices, it has attracted approximately $12 billion in net inflows and recorded inflows for eight consecutive weeks. Since its inception on April 2, DRAM has accumulated a total inflow of $27 billion, with prices rising by 98%. Additionally, the 2x leveraged long storage chip ETF RAM has garnered about $893 million in inflows since its launch on June 24.
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U.S. major indexes closed lower yesterday. Walmart’s weaker-than-expected same-store sales and guidance weighed on the consumer sector and dragged the three major averages lower. Silver and platinum rose sharply, supported by lower yields from expanded long-bond buybacks and a softer dollar. Bitcoin climbed toward $75,000, lifting crypto-related equities. Markets are now focused on the August S&P Global Manufacturing and Services PMI flash readings due on August 21 U.S. Eastern Time, which will directly influence September rate-path pricing.





