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BITX vs SLON

2x Bitcoin Strategy ETF

BITXBCboe

ProShares Ultra Solana ETF

SLONCNYSE Arca

Overlap

Expense ratio

SLON −0.61pt a year

BITX2.75%SLON2.14%

Avg volume · 30D

BITX 95.0×the volume

BITX9.85MSLON104K

BITX vs SLON Performance

Oct 31, 2025 – Nov 2, 2026

−64.8%BITX−87.4%SLON

Oct 31, 2025 to Nov 2, 2026. BITX −64.8%. SLON −87.4%. Use the arrow keys to read each point.−40%−20%0%Oct 2025May 2026Nov 2026
Expense ratio
BITX 2.75%
SLON 2.14%, better
Fund size
BITX $1.03B
SLON $20M
1Y total return
BITX −64.8%, better
SLON −87.4%
Yield (12M)
BITX 9.34%, better
SLON 0.00%
Holdings
BITX 3
SLON 1
Avg volume (30D)
BITX 9.85M sh, better
SLON 104K sh
NAV per share
BITX $16.19
SLON $25.93
52W range

ETF.net Grade

BITX: Cost 38, Risk 65, Mission not scored, Tradability 99, Holdings not scored, Durability 77. SLON: Cost 45, Risk 32, Mission not scored, Tradability 60, Holdings not scored, Durability 49.
Pillar letters and Scores for BITX, SLON, with each pillar’s weight
PillarBITXSLON
Cost30% weightD38C45Higher
Mission25% weightNot scoredNot scored
Risk15% weightB65HigherD32
Tradability15% weightA99HigherB60
Holdings10% weightNot scoredNot scored
Durability5% weightA77HigherC49

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. BITX 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 ›

BITX ranks 4th 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 3BBTCLT-Rex 2X Long Bitcoin Daily Target ETFScore 65
  4. Rank 4BBITX2x Bitcoin Strategy ETFScore 61
  5. Rank 5CUXRPProShares Ultra XRP ETFScore 51
  6. Rank 6CSUILVolatility Shares 2x Sui ETFScore 48
  7. Rank 7CSLONProShares Ultra Solana ETFScore 46
  8. Rank 8CETHU2x Ether ETFScore 44

Our read on each fund

ETF.net Research

BITXB2x Bitcoin Strategy ETF

SLONCProShares Ultra Solana ETF

In short

BITX One of the original 2x bitcoin funds, live since 2023. BITX aims for twice the daily move of a bitcoin futures index, resets that math every day, and trades heavily. High-octane, priced like it, and built for days rather than decades.

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

BITX The Fund seeks daily results equal to twice the daily performance of the S&P CME Bitcoin Futures Daily Roll 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

  • BITX Aims for twice the daily move of the S&P CME Bitcoin Futures Daily Roll Index inside an ordinary 1940 Act ETF. No margin account, no wallet, no crypto exchange login.
  • Very actively traded, so getting in and out is rarely the hard part. That matters in a product built around single-day exposure.
  • Trading since 2023, a long operating history for geared crypto, and it makes distributions on a monthly cadence.
  • 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

  • BITX At 2.75% a year, it is the expensive lane to this trade. Its peer group's median is 1.89%, and ProShares' BITU charges 0.98% for 2x bitcoin exposure.
  • The 2x target resets daily. Over longer holds, choppy markets compound against you, and multi-day results can land well away from twice bitcoin's move.
  • The reference is a bitcoin futures index, not spot bitcoin, so futures roll mechanics sit between you and the coin price.
  • 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 BITX profile⁠

Full SLON profile⁠

BITX 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.

BITX vs SLON Cost

Overpaying BITX vs SLON

$6,667

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

  • BITX 2.75%

    $41,266

  • SLON 2.14%

    $34,599

$10,000
30 years

Cost over time

  • BITX 2.75%
  • 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$40K$50K051015202530BITX $41,266SLON $34,599

Year by year

YearBITXSLONOverpaying
10$4,509$3,598$911
20$15,708$12,863$2,845
30$41,266$34,599$6,667

Expense ratio

  • 2.75%BITX
  • 2.14%SLON, cheaper
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

SLON 8th cheapest of 14 funds

BITX 9th cheapest of 14 funds

BITX vs SLON Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BITX 9.34%, better
SLON 0.00%
Payout (12M)
BITX $1.51
SLON None
Last payment
BITX $0.02
SLON No data
Ex-dividend
BITX Oct 21, 2026
SLON No data
Paid on
BITX Oct 22, 2026
SLON No data
Frequency
BITX Monthly
SLON No data

Distribution history

Per share, 2024 to 2026, same scale for both

BITXMonthly · 30 paymentsAll BITX payments⁠
One bar per payment. 30 payments from 2024 to 2026 YTD. May 22, 2024 $0.97; Jun 25, 2024 $0.86; Jul 24, 2024 $0.68; Aug 28, 2024 $0.63; Sep 26, 2024 $0.63; Oct 29, 2024 $0.59; Nov 26, 2024 $0.61; Dec 16, 2024 $0.58; Jan 29, 2025 $0.09; Feb 26, 2025 $0.06; Mar 27, 2025 $0.53; Apr 28, 2025 $0.54; May 28, 2025 $0.52; Jun 26, 2025 $0.54; Jul 29, 2025 $0.61; Aug 27, 2025 $0.62; Sep 26, 2025 $0.61; Oct 29, 2025 $0.57; Nov 25, 2025 $0.57; Dec 15, 2025 $0.74; Jan 21, 2026 $0.03; Feb 18, 2026 $0.02; Mar 18, 2026 $0.02; Apr 22, 2026 $0.02; May 20, 2026 $0.02; Jun 17, 2026 $0.02; Jul 22, 2026 $0.01; Aug 19, 2026 $0.01; Sep 23, 2026 $0.02; Oct 21, 2026 $0.02. Use the arrow keys to read each point.$0$2.502026YTD
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$2.502026YTD

BITX vs SLON Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITX 106.3%SLON 125.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BITX 0.49SLON −0.71since Aug 2025
Worst fallMax drawdown, 5 years
BITX −83.4%since Jun 2023SLON −96.3%since Jul 2025
Market sensitivityBeta, 5 years
BITX 3.22SLON 1.68

BITX and SLON in the news

All news⁠

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