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BITU vs SLON

ProShares Ultra Bitcoin ETF

BITUANYSE Arca

ProShares Ultra Solana ETF

SLONCNYSE Arca

Overlap

Expense ratio

BITU −1.19pt a year

BITU0.95%SLON2.14%

Avg volume · 30D

BITU 42.1×the volume

BITU4.37MSLON104K

BITU vs SLON Performance

Oct 31, 2025 – Nov 2, 2026

−65.6%BITU−87.4%SLON

Oct 31, 2025 to Nov 2, 2026. BITU −65.6%. SLON −87.4%. Use the arrow keys to read each point.−40%−20%0%Oct 2025May 2026Nov 2026
Expense ratio
BITU 0.95%, better
SLON 2.14%
Fund size
BITU $478M
SLON $20M
1Y total return
BITU −65.6%, better
SLON −87.4%
Yield (12M)
BITU 53.78%, better
SLON 0.00%
Holdings
BITU 1
SLON 1
Avg volume (30D)
BITU 4.37M sh, better
SLON 104K sh
NAV per share
BITU $12.52
SLON $25.93
52W range

ETF.net Grade

BITU: Cost 91, Risk 65, Mission not scored, Tradability 87, Holdings not scored, Durability 78. SLON: Cost 45, Risk 32, Mission not scored, Tradability 60, Holdings not scored, Durability 49.
Pillar letters and Scores for BITU, SLON, with each pillar’s weight
PillarBITUSLON
Cost30% weightA91HigherC45
Mission25% weightNot scoredNot scored
Risk15% weightB65HigherD32
Tradability15% weightA87HigherB60
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherC49

Rank among 2x Long Crypto funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITU and SLON are both graded against the same 14 2x Long Crypto funds, so their Grades compare head to head.

2x Long Crypto⁠

Category · 14 funds
See all 14 ›

BITU ranks 1st and SLON 7th of 14 funds in the 2x Long Crypto Category.

  1. Rank 1ABITUProShares Ultra Bitcoin ETFScore 83
  2. Rank 2AETHTProShares Ultra Ether ETFScore 76
  3. Rank 6CSUILVolatility Shares 2x Sui ETFScore 48
  4. Rank 7CSLONProShares Ultra Solana ETFScore 46
  5. Rank 8CETHU2x Ether ETFScore 44

Our read on each fund

ETF.net Research

BITUAProShares Ultra Bitcoin ETF

SLONCProShares Ultra Solana ETF

In short

BITU ProShares' double-speed bitcoin trade. BITU targets 2x the daily move of the Bloomberg Bitcoin Index using swaps and futures, never the coin itself, for 0.95% inside an ordinary brokerage account.

SLON ProShares 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

BITU BITU seeks daily investment results corresponding to two times the daily performance of the Bloomberg Bitcoin Index, before fees and expenses.

SLON 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

  • BITU 0.95%, with gross and net the same, so no expiring waiver is propping up the price. BITX charges 2.75% for the same 2x bitcoin idea. Below the median fee in the leveraged crypto category.
  • A 1940 Act registered fund bought like any stock: no wallet, no exchange account, no private keys to lose.proshares.com
  • The reference point is the Bloomberg Bitcoin Index, Bloomberg's measure of a single bitcoin priced in USD, not a basket or a miner proxy.proshares.com
  • Among the leveraged crypto funds we grade, it stands near the top of the group on cost and day-to-day tradability.
  • SLON 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

  • BITU The 2x target applies to a single day and resets. Hold longer and volatility compounding takes over, so multi-day results can land meaningfully above or below 2x the index.proshares.com
  • Double the move of one of the most volatile assets traded. That cuts both ways: drawdowns arrive twice as fast.
  • No coins here. Exposure comes from swaps and futures per the prospectus, and the fund's own history only starts in 2024.proshares.com
  • SLON 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.

Full BITU profile⁠

Full SLON profile⁠

BITU vs SLON Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITU vs SLON Cost

Overpaying SLON vs BITU

$16,730

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

  • BITU 0.95%

    $17,869

  • SLON 2.14%

    $34,599

$10,000
30 years

Cost over time

  • BITU 0.95%
  • SLON 2.14%
  • 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

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

Expense ratio

  • 0.95%BITU, cheaper
  • 2.14%SLON
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BITU cheapest of 14 funds

SLON 8th cheapest of 14 funds

BITU vs SLON Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BITU 53.78%, better
SLON 0.00%
Payout (12M)
BITU $6.72
SLON None
Last payment
BITU $0.01
SLON No data
Ex-dividend
BITU Nov 2, 2026
SLON No data
Paid on
BITU Pays Nov 6, 2026
SLON No data
Frequency
BITU Monthly
SLON No data

Distribution history

Per share, 2024 to 2026, same scale for both

BITUMonthly · 25 paymentsAll BITU payments⁠
One bar per payment. 25 payments from 2024 to 2026 YTD. May 1, 2024 $0.02; Jun 3, 2024 $0.02; Jul 1, 2024 $0.02; Aug 1, 2024 $0.0082; Dec 23, 2024 $0.0045; Feb 3, 2025 $1.21; Mar 3, 2025 $0.79; Jun 2, 2025 $0.58; Jul 1, 2025 $0.18; Aug 1, 2025 $0.97; Sep 2, 2025 $0.49; Oct 1, 2025 $0.33; Nov 3, 2025 $0.40; Dec 1, 2025 $0.43; Dec 24, 2025 $5.73; Feb 2, 2026 $0.03; Mar 2, 2026 $0.02; Apr 1, 2026 $0.01; May 1, 2026 $0.01; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.02; Sep 1, 2026 $0.01; Oct 1, 2026 $0.0088; Nov 2, 2026 $0.01. Use the arrow keys to read each point.$0$52026YTD
SLON1 paymentAll SLON payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Oct 1, 2025 $4.04. Use the arrow keys to read each point.$0$52026YTD

BITU vs SLON Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITU 94.2%since May 2024SLON 125.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BITU 0.20since May 2024SLON −0.71since Aug 2025
Worst fallMax drawdown, 5 years
BITU −83.4%since Apr 2024SLON −96.3%since Jul 2025
Market sensitivityBeta, 5 years
BITU 3.42SLON 1.68

BITU and SLON in the news

All news⁠

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