Roundhill Investments, alongside T-REX and Tuttle Capital Management, launched the Roundhill T-REX 2X Long DRAM Daily Target ETF, ticker RAM, on June 24, 2026, adding a leveraged version of the Roundhill Memory ETF at a moment when Micron Technology has become a focal point for equity and options traders. The actively managed fund seeks 200% of the daily performance of the Roundhill Memory ETF, ticker DRAM, and began trading at around $24 per share. The launch comes as investors crowd into volatile semiconductor trades linked to artificial intelligence demand. The new report said DRAM has gathered more than $22 billion in less than three months and has more than doubled since its April debut, while Micron was due to report earnings on Wednesday night. Market participants were pricing in a 10% move in Micron shares, with implied volatility at 111, described as the highest in the S&P 500 alongside Sandisk. Barclays equities tactical strategies said daily rebalancing flows tied to leveraged ETFs regularly exceed $20 billion, underscoring how such products can amplify swings around major events. SEC filings cited in the existing topic show RAM carries a 1.50% gross annual fee and a 1.25% net annual fee through September 30, 2027, and currently has no options trading.