Solana spot ETFs hit a rough patch on January 16th with $2.22M in net outflows—marking the fourth red day since these products launched. The string of negative flows raises questions about investor sentiment toward SOL positions through this particular investment vehicle. While single-day outflows aren't necessarily alarming, the pattern of pullbacks suggests some traders are taking profits or rotating capital elsewhere. Whether this is temporary consolidation or a signal of shifting market dynamics will be worth monitoring in the coming weeks.