CRAM - Defiance China Memory ETF
The fund seeks to track the performance, before fees and expenses, of the BITA China Memory Index. Under normal circumstances, the Fund will invest at least 80% of its assets in investments that provide exposure to the component securities of the Index, which are companies engaged in China memory and storage semiconductor value chain activities.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $416,800
- Beta
- 0.00
- 52-Week Range
- 20.8-26.72
- IPO Date
- Sep 10, 2026
- Exchange
- NASDAQ
CRAM Options Snapshot
Options pricing data for CRAM is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The CRAM overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
CRAM fund facts: expense ratio 0.67%, assets under management $473.3K, NAV $23.67 as of the data source's update on Oct 8, 2026, 3 holdings in its latest file, launched Sep 9, 2026, issued by Defiance. See the CRAM holdings.
Frequently asked CRAM overview questions
- What is CRAM?
- CRAM is the ticker symbol for Defiance China Memory ETF, an listed exchange-traded fund. The fund seeks to track the performance, before fees and expenses, of the BITA China Memory Index. Under normal circumstances, the Fund will invest at least 80% of its assets in investments that provide exposure to the component securities of the Index, which are companies engaged in China memory and storage semiconductor value chain activities. Listed on NASDAQ. CRAM is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are CRAM's key statistics?
- Defiance China Memory ETF (CRAM) carries a market capitalization of $416,800, 52-week range of 20.8-26.72. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does CRAM belong to?
- Defiance China Memory ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare CRAM's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the CRAM data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for CRAM, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.