Shocking stat of the day: The 2x leveraged long memory ETF, RAM, posted ~$380 million in notional volume on its first trading day on Wednesday, the largest first-day volume for any US-listed leveraged or inverse ETF on record. This fund tracks the memory ETF, DRAM, and is designed to deliver 200% of its daily performance. This exceeds the previous record, set by the 2x leveraged long SpaceX ETF, SPCH, which saw ~$280 million in notional volume on its June 15 debut. By comparison, the 2x leveraged short SpaceX ETF, SSPC, ranked 3rd with ~$215 million in volume on its June 15 debut. Meanwhile, the Memory ETF, DRAM, is up +177% since its inception on April 2nd. Capital is flooding into memory and storage technology stocks.(The Kobeissi Letter)