4.36%What DRAMX tracks
DRAMX tracks Storage ETF (Roundhill), a fund that holds companies from one industry or theme. Its price follows the fund's share price, which moves with the fortunes of that sector.
Because the fund's holdings share the same industry risks, it tends to swing more than a broad index fund and can lead or lag the wider market for long stretches.
About Memory ETF
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DRAMX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.
What you hold is the token, not the underlying asset. DRAMX tracks the price of Storage ETF (Roundhill), but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping DRAMX, and it does not issue, back, or custody the token.
The price of DRAMX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.
Distribution terms for DRAMX are set by Backed Finance. Where the underlying fund pays distributions, issuers usually reflect them in the token rather than paying cash.
When can you trade DRAMX?
DRAMX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of DRAMX comes from on-chain trading alone and can drift from the fund's last close.
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| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | VanEck Semiconductor ETF | $479.357 | 4.92% | Backed Finance | US market hours | |
| 2 | iShares Semiconductor | $146.906 | 5.65% | Backed Finance | US market hours | |
| 3 | iShares Semiconductor ETF | $146.906 | 5.65% | Ondo | US market hours | |
| 4 | Vanguard Real Estate ETF | $96.235 | 0.62% | Ondo | US market hours | |
| 5 | First Trust NASDAQ Cybersecurity ETF | $94.422 | 2.40% | Ondo | US market hours | |
| 6 | Franklin Intelligent Machines | $86.431 | 4.24% | Backed Finance | US market hours | |
| 7 | iShares U.S. Aerospace & Defense ETF | $71.055 | 1.99% | Backed Finance | US market hours | |
| 8 | iShares U.S. Aerospace & Defense ETF | $71.055 | 1.99% | Ondo | US market hours | |
| 9 | Global X US Infrastructure Development ETF | $52.975 | 1.87% | Ondo | US market hours | |
| 10 | Fundrise Innovation Fund | $21.94 | 4.94% | Backed Finance | US market hours |