Spot ETFs are the real demand; futures are all just illusions.

According to SoSoValue, during the May 14 U.S. Eastern Time session, the SOL spot ETF recorded a daily net inflow of approximately $6.5063 million. BSOL recorded a net inflow of approximately $3.7716 million, with a historical cumulative net inflow of $903 million; FSOL recorded approximately $2.7347 million, with a historical cumulative net inflow of $171 million. At the time of publication, the total net asset value of the SOL spot ETF was approximately $1.05 billion, the net asset ratio was 1.96%, and the historical cumulative net inflow was approximately $1.115 billion.