SLON

ProShares Ultra Solana ETF (the "Fund") seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Solana Index (the "Index"). The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. In this manner, the Fund seeks daily returns that correspond to two times (2x) the price of Solana (SOL). In this manner, the Fund seeks daily returns that correspond to two times (2x) the price of Solana (SOL). The Fund does not invest directly in Solana (SOL). SOL, commonly referred to as Solana, is a digital asset. The ownership and operation of Solana (SOL) is determined by participants in an online, peer-to-peer network sometimes referred to as the "Solana network."