ETHT vs SOLT

ETHTAProShares Ultra Ether ETF

SOLTD2x Solana ETF

In short

ETHT ProShares opened the US market for leveraged ether in June 2024, and it runs the low-cost version: 0.96% to target twice ether's daily move, below the typical fee among 2x crypto funds.

SOLT Leveraged crypto funds mostly point at bitcoin and ether. This one aims two-times daily leverage at Solana instead, wrapped in a '40 Act ETF you can trade in an ordinary brokerage account. The access comes with one of the heavier fee tags in the group.

Stated mandate

ETHT The fund seeks daily investment results equal to twice the daily performance of ether, before fees and expenses.

SOLT The Fund seeks daily investment results, before fees and expenses, equal to two times the daily performance of SOL.

Why people hold it

• ETHT The original. It listed June 7, 2024 alongside a -2x twin as the first US ETFs built to target twice ether's daily move.businesswire.com
• At 0.96%, with no fee waiver involved, it costs far less than ETHU, the other 2x ether fund in the group, at 2.97%.
• One of the stronger builds in its leveraged-crypto peer group, and actively traded, so entering and exiting doesn't hinge on a thin market.
• No wallet, no keys. It's a registered 1940 Act ETF that gets its exposure from derivatives and does not invest directly in ether.proshares.com

• SOLT Seeks two times SOL's daily move inside a registered ETF. No margin account, no offshore venue, no self-custody, no seed phrase to lose.
• The shelf around it is stacked with bitcoin and ether leverage (BITU, ETHT, BITX). If Solana is the coin you want geared exposure to, the menu is short.
• Trading is active enough for routine in-and-out, which matters for a tool built around daily moves. Distributions run on a monthly cadence.

Worth knowing

• ETHT The 2x target resets daily. Over periods longer than a single day, returns will likely differ from that daily target, per the prospectus.proshares.com
• Leverage cuts both ways: on a down day for ether, the fund should lose roughly twice as much as the index it tracks.proshares.com
• The track record starts in June 2024, so there is less history here than for most ETFs when judging behavior across market cycles.

• SOLT The 2.92% expense ratio sits well above the roughly 1.89% median for leveraged crypto funds, and multiples above levered bitcoin options like BITU at 0.98%.
• The 2x target resets every day. Over a choppy multi-day stretch, results can drift meaningfully from twice SOL's move for that stretch, in either direction.
• Launched in 2025, so the track record is thin, and gearing one of crypto's most volatile assets amplifies drawdowns as readily as gains.

Full ETHT profile⁠

Full SOLT profile⁠