SLON

ProShares Ultra Solana ETF

$19.66

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The ProShares Ultra Solana ETF (SLON) seeks to provide 2x the daily return of the Solana cryptocurrency.

Overview

ETF tracking ProShares Ultra Solana ETF

Category Leveraged

Issuer ProShares

Inception Date 2025-07-15

Market Cap $22.8M

Average Volume N/A

Dividend Yield 4.11%

52-Week Range $19.66 - $76.11

VWAP $20.03

Performance

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Investment Summary

📎 Investment Objective

The ProShares Ultra Solana ETF (SLON) seeks to provide 2x the daily return of the Solana cryptocurrency.

🎯 Investment Strategy

SLON uses derivatives such as futures contracts to provide leveraged exposure to the Solana digital asset. The fund aims to achieve its 2x daily target by adjusting its positions on a daily basis.

✨ Key Features

Provides 2x the daily performance of the Solana cryptocurrency
Uses derivatives to achieve leveraged exposure
Rebalances positions daily to maintain target leverage
Suitable for experienced investors seeking magnified Solana exposure

⚠️ Primary Risks

Significant volatility and risk of loss due to the leveraged nature of the fund
Potential for divergence from the target 2x daily performance over longer holding periods
Exposure to the inherent risks of the Solana cryptocurrency market
Liquidity risks and potential for wide bid-ask spreads

👤 Best For

SLON is best suited for experienced, risk-tolerant investors who understand the unique risks of leveraged cryptocurrency exposure and are looking for a way to potentially magnify their returns on Solana. This fund is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.