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SLON

GradeDNew York Stock Exchange Arca

ProShares - Ultra Solana ETF

Leveraged · Leveraged & Inverse · ProShares · Inception 2025-07-14 · SEC filings

This 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.

$39.20−2.88 (−6.83%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Jul 15, 2025.
Intraday session: down, 36 prints from 42.08 to 39.20. Range 38.50 to 41.15. Use the arrow keys to read each point.$40.00$41.0010 AM12 PM2 PM4 PM
Expense ratio
2.14%
Fund size
$32M
1Y return
−85.0%
Yield · Last 12 months
Data unavailable
Volume · 30D
0.1M sh
NAV per share
$39.40
52W range
low $13.00high $325.00

The ETF.net SLON Grade

D

32/ 100

Rank 13 of 15 in 2x Long Crypto⁠

Confidence Medium

Six-pillar profile for SLON. Scores out of 100: Cost 29, Risk 15, Mission not scored, Tradability 49, Holdings not scored, Durability 53. Strongest: Durability (53). Weakest: Risk (15). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 29
    Category rank11/15 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 15
    Category rank14/15 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 49
    Category rank7/15 · top 47%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 53
    Category rank9/15 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on SLON

ETF.net Research

DProShares 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

  1. 01Plain, 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
  2. 02Same machinery ProShares runs behind its 2x bitcoin (BITU) and ether (ETHT) funds, aimed at a newer coin. Familiar plumbing, different underlying.proshares.com
  3. 03Leveraged Solana exposure in a brokerage wrapper: trade it through the session like any stock, with a named index (BSOLANA) defining the target.

Worth knowing

  1. 01At 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.
  2. 02The 2x target resets every day. Over longer stretches, choppy prices can leave results well away from two times the period's move.proshares.com
  3. 03Young fund (2025 launch), small asset base, and derivatives on a single volatile coin underneath. Moves land hard in both directions.

SLON Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)100.00%30,873,151$31M162

Showing 1–1 of 1 holdings

SLON Performance

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

SLON$1,497
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SLON $1,497. SPY $11,723. Use the arrow keys to read each point.$-410$6,127$12,663Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−40.2%
1 month+59.4%
3 months+137.9%
1 year−85.0%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−40.2%
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 Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$4.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Oct 1, 2025 $4.04. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 1, 2025Oct 7, 2025$4.04

SLON Risk

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.
128.6%
Annualised · 13 months to Aug 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.
−0.69
vs 3-month T-bills · 13 months to Aug 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%
14 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.

SLON Cost

Expense ratio2.14%
  • The middle half of 2x Long Crypto funds
  • Median 1.89%

10 of the 15 2x Long Crypto funds charge less.

SLON costs $214.00 a year on $10,000. The median 2x Long Crypto fund costs $189.00.