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BTCL vs SLON

T-Rex 2X Long Bitcoin Daily Target ETF

BTCLBCboe

ProShares Ultra Solana ETF

SLONCNYSE Arca

Overlap

Expense ratio

BTCL −1.19pt a year

BTCL0.95%SLON2.14%

Avg volume · 30D

SLON 1.4×the volume

BTCL74.4KSLON104K

BTCL vs SLON Performance

Oct 31, 2025 – Nov 2, 2026

−66.7%BTCL−87.4%SLON

Oct 31, 2025 to Nov 2, 2026. BTCL −66.7%. SLON −87.4%. Use the arrow keys to read each point.−40%−20%0%Oct 2025May 2026Nov 2026
Expense ratio
BTCL 0.95%, better
SLON 2.14%
Fund size
BTCL $31M
SLON $20M
1Y total return
BTCL −66.7%, better
SLON −87.4%
Yield (12M)
BTCL 2.98%, better
SLON 0.00%
Holdings
BTCL 3
SLON 1
Avg volume (30D)
BTCL 74.4K sh
SLON 104K sh, better
NAV per share
BTCL $16.43
SLON $25.93
52W range

ETF.net Grade

BTCL: Cost 91, Risk 63, Mission not scored, Tradability 22, Holdings not scored, Durability 53. SLON: Cost 45, Risk 32, Mission not scored, Tradability 60, Holdings not scored, Durability 49.
Pillar letters and Scores for BTCL, SLON, with each pillar’s weight
PillarBTCLSLON
Cost30% weightA91HigherC45
Mission25% weightNot scoredNot scored
Risk15% weightB63HigherD32
Tradability15% weightF22B60Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53HigherC49

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. BTCL 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 ›

BTCL ranks 3rd 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 6CSUILVolatility Shares 2x Sui ETFScore 48
  6. Rank 7CSLONProShares Ultra Solana ETFScore 46
  7. Rank 8CETHU2x Ether ETFScore 44

Our read on each fund

ETF.net Research

BTCLBT-Rex 2X Long Bitcoin Daily Target ETF

SLONCProShares Ultra Solana ETF

In short

BTCL No data

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

BTCL No data

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

BTCL No data

  • 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

BTCL No data

  • 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 BTCL profile⁠

Full SLON profile⁠

BTCL 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.

BTCL vs SLON Cost

Overpaying SLON vs BTCL

$16,730

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

  • BTCL 0.95%

    $17,869

  • SLON 2.14%

    $34,599

$10,000
30 years

Cost over time

  • BTCL 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 $34,599BTCL $17,869

Year by year

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

BTCL cheapest of 14 funds

SLON 8th cheapest of 14 funds

BTCL vs SLON Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BTCL 2.98%, better
SLON 0.00%
Payout (12M)
BTCL $0.49
SLON None
Last payment
BTCL $0.49
SLON No data
Ex-dividend
BTCL Dec 24, 2025
SLON No data
Frequency
BTCL Annual
SLON No data

Distribution history

Per share, 2024 to 2026, same scale for both

BTCLAnnual · 2 paymentsAll BTCL payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $2.12; Dec 24, 2025 $0.49. 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

BTCL vs SLON Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCL 96.6%since Aug 2024SLON 125.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
BTCL 0.13since Aug 2024SLON −0.71since Aug 2025
Worst fallMax drawdown, 5 years
BTCL −84.0%since Jul 2024SLON −96.3%since Jul 2025
Market sensitivityBeta, 5 years
BTCL 1.87SLON 1.68

BTCL and SLON in the news

All news⁠

Popular comparisons

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