Key stats
About ProShares Trust ProShares Ultra Solana ETF
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Inception date
Jul 15, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SLON is a bullish one-day bet on Solana, seeking to provide 2x the daily returns of its underlying Solana index. The index, maintained by Bloomberg Index Services, is designed as a proxy for the Solana market. The index price is a composite of USD Solana trading activities reported by digital asset trading platforms. The fund does not invest directly in Solana. It primarily buys cash-settled, front-month Solana futures, using a mathematical approach to obtain exposure to the index. It will roll the contracts monthly as they near expiration and replace them with new futures contracts with a later expiration date. The fund also holds money market instruments for necessary collateral. It gains leveraged exposure by utilizing a wholly owned Cayman Islands subsidiary. The returns of the fund can vary significantly from 2x exposure if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle.
Classification
Symbol
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SLON assets under management is 24.09 K USD. It's risen 686.99% over the last month.
SLON fund flows account for 22.20 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, SLON doesn't pay dividends to its holders.
SLON shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Jul 15, 2025, and its management style is Passive.
SLON expense ratio is 2.14% meaning you'd have to pay 2.14% of your investment to help manage the fund.
SLON follows the SOL/USD Exchange Rate - USD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SLON invests in cash.
SLON trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.