Themes ETFs has filed for a leveraged version of the Roundhill Memory ETF, ticker DRAM, following its remarkable 98% surge since its launch on April 2. The DRAM ETF, which focuses on global memory chip manufacturers, has amassed $6.7 billion in assets and captured 17% of all US stock ETF inflows for the week ending May 8. The DRAM ETF's success is driven by the increasing demand for high-bandwidth memory required for AI models and data centers built by tech giants like Nvidia and Amazon. The proposed leveraged version aims to deliver twice the daily return of the DRAM ETF, but it carries significant risks due to its concentrated holdings and the inherent volatility of leveraged products.