ProShares Ultra Solana ETF (SLON)

ProShares Ultra Solana ETF (SLON) is a leveraged fund from ProShares that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of Solana (SOL), the native cryptocurrency of the Solana blockchain. Its objective applies to a single day and resets each trading day.

The fund gains its exposure through derivatives such as futures contracts or swaps referencing Solana rather than holding the digital asset directly, and keeps its remaining assets in cash and short-term instruments. Because of daily compounding, its performance over periods longer than one day can differ significantly from twice the return of Solana over the same period.