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Launched · SEC filings

ProShares Ultra Solana ETF

SLONNYSE ArcaProSharesCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$24.09−1.81 (−6.99%)

At close: Nov 2, 2026, 4:00 PM ET

C46/ 100

Rank 7 of 14 in 2x Long Crypto

C46/100Rank 7 of 14in2x Long Crypto
Intraday session: down, 79 prints from 25.90 to 24.09. Range 23.82 to 25.85. Use the arrow keys to read each point.24.5025.0025.5010 AM12 PM2 PM4 PM
Expense ratio
2.14%
Fund size
$20M
1Y total return
−87.4%
Yield · Last 12 months
0.00%
Holdings
1
Avg volume · 30D
104K sh
52W range
low $13.00high $166.81
Launched
Filings
SEC EDGAR

The ETF.net SLON Grade

Based on 4 of 6 pillars

C

Score 46 out of 100

Category
2x Long Crypto⁠
Rank
7 of 14
Six-pillar profile for SLON. Scores out of 100: Cost 45, Risk 32, Mission not scored, Tradability 60, Holdings not scored, Durability 49. Strongest: Tradability (60). Weakest: Risk (32). Based on 4 of 6 pillars.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C45 out of 100
    Rank 8 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 9 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 6 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 9 of 14

Our read on SLON

ETF.net Research

In short

CProShares wrote the leveraged ETF playbook, then pointed it at Solana. SLON targets 2x the daily move of the Bloomberg Solana Index using swaps and futures, not coins: a daily-reset trading tool rather than a buy-and-forget holding.

Stated mandate

The fund seeks daily returns equal to two times the daily performance of the Bloomberg Solana Index, before fees and expenses. It uses futures and swaps rather than investing directly in Solana.

Why people hold it

  • Plain, stated mandate: two times the daily move of the Bloomberg Solana Index, before fees. Exposure comes from swaps and futures, so no wallet or crypto exchange account.proshares.com
  • Same machinery ProShares runs behind its 2x bitcoin (BITU) and ether (ETHT) funds, aimed at a newer coin. Familiar plumbing, different underlying.proshares.com
  • Leveraged Solana exposure in a brokerage wrapper: trade it through the session like any stock, with a named index (BSOLANA) defining the target.

Worth knowing

  • At 2.14% a year, the fee sits above what ProShares charges on its 2x bitcoin (BITU) and ether (ETHT) funds, and above the typical leveraged crypto fund.
  • The 2x target resets every day. Over longer stretches, choppy prices can leave results well away from two times the period's move.proshares.com
  • Young fund (2025 launch), small asset base, and derivatives on a single volatile coin underneath. Moves land hard in both directions.

SLON Performance

Launched Jul 14, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SLON$1,264
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. SLON $1,264. SPY $11,146. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SLON. Periods over one year show the average yearly return.
PeriodSLON
Year to date−65.8%
1 month−42.2%
3 months+39.2%
1 year−87.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SLON
YearReturn barSLON
2026 YTD−65.8%
2025−62.6%

History from Jul 15, 2025

SLON in the news

SLON Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 1 payment in 2025. Oct 1, 2025 $4.04. Use the arrow keys to read each point.2025
Ex-datePay dateAmount per share
Oct 1, 2025Oct 7, 2025$4.04

SLON Risk

Risk pillarD32 out of 100Rank 9 of 14 in 2x Long Crypto

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
125.3%
Annualised · 15 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.71
vs 3-month T-bills · 15 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−96.3%
15 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.68
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SLON Cost

Compare SLON and BITU

Overpaying vs BITU, tied cheapest in 2x Long Crypto

$16,730

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SLON 2.14%

    $34,599

  • BITU 0.95% Tied cheapest

    $17,869

$10,000
30 years

Cost over time

  • SLON 2.14%
  • BITU 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530SLON $34,599BITU $17,869

Year by year

YearSLONBITUOverpaying
10$3,598$1,678$1,920
20$12,863$6,322$6,541
30$34,599$17,869$16,730

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