Roundhill Memory ETF 

DRAM Price

What is the Roundhill Memory ETF (DRAM) tokenized stock?

Roundhill Memory ETF (DRAM) is a tokenized ETF that gives on-chain traders exposure to global memory-chip stocks without leaving Solana. The underlying fund — issued by Roundhill Financial Inc., an SEC-registered investment advisor — tracks companies earning at least 50% of revenue from semiconductor memory: HBM, DRAM, NAND, NOR flash, and hard-disk drives. Roundhill Memory ETF lists on Cboe BZX with an inception date of 2 Apr 2026. Backpack Securities issues the tokenized wrapper as a Solana bStock, redeemable for a real ETF share.

Which stocks does Roundhill Memory ETF (DRAM) hold?

Roundhill Memory ETF (DRAM) holds a basket of global memory-chip companies. Top holdings as of 30 Jun 2026 are Micron, Samsung, SK Hynix, SanDisk, and Kioxia. Every constituent earns at least 50% of revenue or profit from semiconductor memory — spanning HBM, DRAM, NAND, NOR flash, and hard-disk drives. Roundhill Memory ETF is actively managed and non-diversified, so holdings concentrate in a narrow memory-hardware theme rather than the broader semiconductor sector.

Who manages Roundhill Memory ETF (DRAM) and what is its expense ratio?

Roundhill Financial Inc., an SEC-registered investment advisor, manages Roundhill Memory ETF (DRAM). The fund is actively managed and non-diversified, carrying an expense ratio of 0.65%. Roundhill Memory ETF launched on Cboe BZX on 2 Apr 2026 and rebalances on a limited quarterly basis. Roundhill also runs a leveraged sister product, RAM, the 2X Long DRAM Daily Target ETF. DRAM uses total return swaps to maintain Regulated Investment Company (RIC) compliance.

Is DRAM a crypto token or a tokenized ETF share?

DRAM is a tokenized ETF share, not a native crypto token. Tokenized DRAM is a Solana SPL bStock minted against real Roundhill Memory ETF shares, so no fixed supply, emission schedule, or insider allocation exists. Per DropsTab data, DRAM shows maximum token supply and total token supply as none and classifies under the TradFi category. Tokenized DRAM supply floats with creation and redemption of the backing ETF shares rather than a preset tokenomics model.

Who issues the tokenized DRAM bStock?

Backpack Securities, a US brokerage, issues the tokenized version of DRAM. Tokenized DRAM went live on Solana on 26 Jun 2026 via Sunrise DeFi, which supplies the tokenization infrastructure. The DRAM token launch was a product listing, not an airdrop or earning campaign.

What backs tokenized DRAM and how is it redeemed?

Tokenized DRAM is backed 1:1 by real Roundhill Memory ETF shares held by the issuer. Each tokenized DRAM is redeemable for one underlying ETF share and transferable to a traditional brokerage account. The 1:1 redemption backstop anchors tokenized DRAM's value to the regulated Cboe-listed fund. Because the underlying is a US-registered ETF, tokenized DRAM represents a claim on a regulated security rather than a synthetic or algorithmic exposure.

How is tokenized DRAM traded — spot or perpetual?

Tokenized DRAM trades across centralized exchange (CEX) venues and Solana decentralized exchanges (DEX). Per DropsTab data, DRAM lists on 10+ trading venues, weighted toward perpetual futures rather than spot. Spot access is thin — a pair of CEX venues — while a heavier derivatives footprint, including Binance Futures, Bybit, and Hyperliquid, carries most volume. On-chain, tokenized DRAM is a live Solana SPL token trading 24/7 on DEXs such as Jupiter, with price discovery leaning on perps and the underlying Cboe ETF.