TLDR:
ProShares launches SLON and UXRP targeting 2x daily returns on Solana and XRP through derivatives.
The ETFs avoid direct crypto custody, appealing to traditional brokerage users.
ProShares now offers over 12 crypto-related funds, including BITO and EETH.
Launch meets rising demand for leveraged crypto exposure in regulated form.
Crypto investing just got a major upgrade. ProShares has introduced two new ETFs offering leveraged exposure to Solana and XRP. These funds target twice the daily return of each asset. It’s a move that gives traders new tools without needing to hold the tokens directly.
The launch reflects a growing demand for simplified, high-risk access to major crypto.
ProShares SLON and UXRP Aiming for 2x Daily Gains
The new ETFs, SLON for Solana and UXRP for XRP, track 2x the daily price performance of their respective coins. According to ProShares, the products cater to investors who want amplified exposure without managing leverage themselves.
Solana and XRP rank among the top crypto assets by market cap. Their blockchain networks have gained attention for fast transactions and strong developer ecosystems.
ProShares said the funds address challenges of leveraged crypto investing through traditional brokerage accounts.
The company already operates a wide range of crypto-linked ETFs, including BITO, the first U.S. bitcoin futures ETF. It also offers BITI, which tracks inverse bitcoin moves, and EETH for Ethereum exposure. With SLON and UXRP added, ProShares now has over a dozen crypto-focused funds in its U.S. lineup.
The new ETFs do not invest in actual crypto tokens. Instead, they use derivatives to mirror daily price shifts. This structure makes them accessible to traders who don’t want to custody crypto themselves.
High Demand for Risk-Managed Exposure
Michael Sapir, ProShares CEO, noted the rising demand for advanced crypto strategies. He said platforms like Solana and XRP offer more than just coins, they’re foundations for new blockchain technology.
Both tokens have seen strong market interest in 2024 and 2025. With this launch, ProShares is tapping into that momentum while maintaining its focus on compliant, regulated offerings.
ProShares continues to lead in the leveraged and inverse ETF space. By targeting 2x daily moves of crypto assets, SLON and UXRP give retail and institutional players an aggressive, tradable option. The launch fits into a broader trend of merging crypto volatility with regulated financial instruments.
SLON and UXRP are now part of a $1.5 billion suite of crypto ETFs under ProShares. This expansion suggests investor appetite for crypto price action isn’t slowing down, it’s just getting sharper.
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