A (https://www.marketwatch.com/story/the-dram-memory-etf-has-gotten-off-to-a-blazing-start-here-comes-a-leveraged-version-baebfe12?mod=mw_rss_topstories) doesn't get created because someone spotted an opportunity — it gets created because retail money is already piling in and Wall Street wants to feed the machine. The original ETF's "blazing start" isn't a validation thesis. It's the sales pitch for the leveraged version.

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