Despite the generally cautious outlook in the crypto market at the end of the year, Solana spot ETFs have experienced a wave of net inflows—reaching $2.93 million in a single day. What does this数字背后 actually reflect?

A look at some data makes it clear. On December 29th, Eastern Time, Solana-related spot ETFs collectively saw net inflows, with Fidelity's FSOL performing the best, attracting $2.53 million in a single day. The total net inflow of this product has already accumulated to $115 million, firmly establishing its leading position. VanEck's VSOL also didn't sit idle, with a single-day net inflow of $400,000. Although smaller in scale, it also added vitality to the market at year's end.

Some might say that a few million dollars isn't a big number in the crypto world. But the logic here needs to be viewed in reverse—the "small funds" at the end of the year are more worth paying attention to than the "large funds" during a bull market. The reason is simple: as the year closes, both institutional and individual investors are mostly doing annual account settlements. Money still willing to enter at this time either has deep recognition of the project's long-term value or is pre-positioning for next year's行情. The fact that Solana spot ETFs can achieve net inflows at this point is a signal that cannot be ignored.