The ProShares Ultra Solana ETF (SLON) is a leveraged exchange-traded fund from ProShares that seeks daily investment results equal to two times (2x) the daily performance of the Bloomberg Solana Index, which tracks SOL priced in U.S. dollars. The fund launched on July 14, 2025 and trades on NYSE Arca under the ticker SLON. It is part of ProShares Trust and does not hold SOL directly. It gets its exposure through cash-settled Solana futures contracts traded on CFTC-registered exchanges, partly held through a wholly owned Cayman Islands subsidiary.

Solana is a high-throughput layer-1 blockchain built for fast, low-cost transactions. It combines proof-of-stake with its proof-of-history timing mechanism. The network supports a large ecosystem of decentralized finance protocols, stablecoin transfers, NFT marketplaces and consumer applications. SOL is the network’s native token, used to pay transaction fees and to stake for securing the chain.