T-REX and Roundhill Partner to Launch First Leveraged ETF Targeting AI-Driven Memory Semiconductor Market
New 2X leveraged fund builds on the success of the DRAM ETF, offering investors amplified exposure to memory chip leaders benefiting from accelerating AI infrastructure demand.
T-REX, a joint venture between REX Shares (“REX”) and Tuttle Capital Management ("TCM"), announced a collaboration with Roundhill Investments to launch the Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM), the first-ever 2X long ETF tied to the Roundhill Memory ETF (Ticker: DRAM). DRAM has become the most successful ETF launch in history, reaching over $20 billion in AUM since its launch in April 2026.
The collaboration pairs T-REX's leadership in leveraged single-stock ETFs with Roundhill's track record of building category-defining, first-to-market funds, including DRAM itself. The Roundhill T-REX 2X Long DRAM Daily Target ETF is designed to seek daily investment results of 200% of the daily performance of DRAM, giving traders a precision tool to express high-conviction views on the memory semiconductor sector powering the AI infrastructure buildout.
"Memory has become one of the most important trades of the AI era, where surging demand collides with constrained supply," said Greg King, Founder and CEO of REX. "We are excited to partner with Roundhill to provide investors with an additional tool to trade exposure to memory stocks."
"DRAM became one of the most successful ETF launches in history because investors recognised memory as a structural AI trade, not a fad. RAM builds on that momentum and gives traders a leveraged way to act on a theme Roundhill helped define, backed by the T-REX team's expertise in leveraged products," said Dave Mazza, CEO of Roundhill Investments.
“Memory is exactly the kind of high-conviction theme T-REX was built for,” added Matt Tuttle, CEO and CIO of TCM. “Bringing 2X daily leverage to one of the fastest-growing ETFs in history gives traders an avenue to express conviction on the memory semiconductor theme.”
DRAM, launched on April 2, 2026, provides targeted exposure to global memory semiconductor companies, including manufacturers of DRAM, High-Bandwidth Memory (HBM), NAND flash memory, and solid-state storage devices, that sit at the critical intersection of AI demand and constrained supply. Memory semiconductors have emerged as a key bottleneck in large-scale AI training and inference, and DRAM provides investors access to global leaders, including Samsung Electronics, SK Hynix, and Micron Technology, that are not easily accessible through broad semiconductor funds that do not offer more targeted exposure.
Citibank will serve as custodian, transfer agent, and fund accountant for the fund.
