DRAM ETF Hits $6.5B Record While IBIT Risks 35% Crypto Pullback
Micron’s partnership propelled the DRAM ETF to $6.5 billion AUM in record time, marking the fastest ETF to reach that level. Bitcoin-linked IBIT faces a potential 35% drawdown as deep stakeholder deadlock and limited legislative runway make passage of the CLARITY Act highly improbable.
1. DRAM ETF Reaches $6.5B AUM Record
The DRAM-focused ETF saw its assets under management swell to $6.5 billion faster than any prior fund, driven by investor demand tied to Micron’s leading position in the DRAM market. Strong forecasts for DRAM pricing and supply constraints fueled inflows, underscoring broad confidence in memory chip fundamentals.
2. IBIT Faces Potential 35% Drawdown on CLARITY Act Setback
IBIT’s recent gains reflect misplaced optimism about the CLARITY Act, yet unresolved disputes among the ABA, Treasury and crypto stakeholders make legislative approval unlikely. With limited session days remaining before midterm deadlines, even a stakeholder compromise may fall short of the procedural requirements needed to enact the bill, exposing IBIT to steep downside risks.