Top Highlights
- Crypto ETFs faced heavy outflows last week, with Bitcoin and Ethereum funds losing over $1.4 billion, while select altcoins like HYPE, SOL, and XRP attracted investor interest.
- The Memory ETF (DRAM) soared, becoming the fastest-growing ETF in history, with over $6.5 billion gained in just 27 days, reflecting a strong investor appetite for memory chips and AI infrastructure.
- Despite crypto sell-offs, trading in memory chip ETFs like DRAM skyrocketed, surpassing Bitcoin ETFs in speed and marking a new frenzy in tech-related investments.
- Investors are shifting from major crypto assets to niche sectors, signaling a rotation into high-growth opportunities like memory chips and AI infrastructure amidst cautious crypto market sentiment.
Bitcoin ETFs Lose Over $1.25 Billion as Memory Chip ETF Gains Popularity
Crypto ETFs Experience Heavy Outflows
Last week, many Bitcoin and Ethereum exchange-traded funds (ETFs) faced significant withdrawals. According to Farside Investors, Bitcoin ETFs lost $1.257 billion between May 18 and May 22. This large outflow shows that investors are shifting their money away from these funds.
At the same time, Ethereum-based ETFs also saw losses, with around $216 million pulled out. Some investors may be taking profits or reducing their risk due to uncertain market conditions. However, not all crypto ETFs saw declines. For example, some altcoin ETFs, like those for Solana and Ripple, gained small amounts of money.
Interestingly, a new trend emerged. Funds focused on HYPE, a popular Hyperliquid product, attracted more than $72 million. This increased demand pushed the token’s price higher. Overall, even as major Bitcoin and Ethereum funds saw withdrawals, some investors are still putting their money into other parts of the crypto market.
Memory Chip ETF Sets Record and Attracts Investor Attention
At the same time, the Memory ETF, known by its ticker DRAM, became a huge success. Launched on April 2, it quickly gained popularity on Wall Street. In just 27 trading days, the fund grew to over $6.5 billion in assets. It broke the previous record held by a Bitcoin ETF, which took 30 days to reach the same level.
Since its launch, DRAM has surged by more than 84% and crossed $10 billion in assets within just a month. It is now one of the top 10 U.S. ETFs by year-to-date inflows, outpacing thousands of other funds. The record-breaking rise shows strong investor interest in memory chips and artificial intelligence (AI) technologies.
This new trend indicates that investors are increasingly eager to chase growth in hardware and tech-related sectors. The DRAM ETF has also become one of the most actively traded funds, highlighting its appeal as a momentum play on Wall Street.
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