{
 "ticker": "SLON",
 "name": "ProShares Ultra Solana ETF",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/SLON",
 "html": "https://etfiq.com/funds/SLON",
 "markdown": "https://etfiq.com/funds/SLON.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: SLON returned +110.7% where its own daily promise gave +120.3%, 9.6 points short.",
 "key_facts": [
  {
   "key": "what_gsol_did",
   "label": "What GSOL did",
   "value": "+55.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SLON, what GSOL did: +55.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+120.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SLON, what +2 times a day gives: +120.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+110.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SLON, what the fund returned: +110.7%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22129.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SLON, the fund itself cost: \u22129.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$26m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "SLON, net assets: $26m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.14%",
   "source": "485BPOS XBRL, Jul 14, 2025",
   "as_of": "2026-09-11",
   "sentence": "SLON, expense ratio: 2.14% (485BPOS XBRL, Jul 14, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of GSOL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.01 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "GSOL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "asset class, crypto",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$26m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "2.14%",
   "source": "485BPOS XBRL, Jul 14, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 15, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "62% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+73.4%",
   "GSOL": "+35.4%",
   "+2x the move": "+70.8%",
   "Difference": "+2.6 pts",
   "GSOL moved about": "67%"
  },
  {
   "window": "3 months",
   "Fund": "+110.7%",
   "GSOL": "+55.2%",
   "+2x the move": "+110.4%",
   "Difference": "+0.3 pts",
   "GSOL moved about": "62%"
  },
  {
   "window": "Since launch",
   "Fund": "+35.4%",
   "GSOL": "+26.2%",
   "+2x the move": "+52.3%",
   "Difference": "\u221216.9 pts",
   "GSOL moved about": "65%"
  }
 ],
 "questions": [
  {
   "q": "Did SLON return +2 times GSOL?",
   "a": "Over the window to Sep 11, 2026, GSOL moved +55.2% and SLON returned +110.7%. 2 times that move is +110.4%, so the fund came out 0.3 points ahead of it."
  },
  {
   "q": "Why does SLON not return +2 times over a year?",
   "a": "Because it resets daily. SLON aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which +2x GSOL ETF tracked its stated multiple most closely?",
   "a": "2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}