07/15/2025 | Press release | Distributed by Public on 07/15/2025 06:42
Launch of SLON and UXRP expands the largest suite of crypto-linked fundsin the U.S.
BETHESDA, Md. - ProShares, the world's leader in leveraged and inverse funds and a pioneer of crypto-linked ETFs, today announced the expansion of its industry-leading lineup with the launch of the ProShares Ultra Solana ETF (SLON) and the ProShares Ultra XRP ETF (UXRP).
SLON targets 2x the daily performance of Solana, and UXRP targets 2x the daily performance of XRP-two of the world's largest cryptocurrencies.1
"As cryptocurrencies become more widely adopted, investors are turningto platforms like Solana and XRP forexposure to next-generationblockchain technologies," said ProShares CEO Michael L. Sapir. "SLON and UXRP provide the opportunity to target leveraged exposure to Solana and XRP,allowing investors to overcome the challengesof acquiring leveraged exposure to these cryptocurrencies."
ProShares broke ground with the launch of the first U.S. bitcoin-linked ETF (BITO) in October 2021. Since then, ProShares has introduced the first U.S. short bitcoin ETF (BITI), the first U.S. ETF targeting the performance of ether (EETH), and the first U.S. short ether ETF (SETH), among other innovative solutions. ProShares offers the largest lineup of crypto-linked funds in the U.S., with 12 ETFs and three ProFunds mutual funds. SLON and UXRP join a range of leveraged crypto-linked ETFs with more than $1.5 billion in assets under management.2
These ETFs, including SLON and UXRP, do not invest directly in cryptocurrencies.
About ProShares
ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $85 billion in assets and offers one of the largest lineups of ETFs. The company is a leader in strategies such as crypto-linked, dividend growth, high income, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.