Defiance Files ETF Targeting China’s Memory Chip Industry

The Defiance China Memory & Storage ETF (CRAM) will track the BITA China Memory & Storage Index, providing focused exposure to companies across China’s memory and storage semiconductor value chain. The fund will invest in businesses involved in DRAM, NAND flash, memory modules, storage controllers, packaging, testing, and related equipment and materials. Using a passive indexing approach, the ETF will primarily hold Chinese and Hong Kong-listed semiconductor companies and ADRs, offering investors targeted access to China’s growing domestic memory chip ecosystem.