Today’s top news in the crypto world includes a slight dip in major cryptocurrencies after a weekend rally, with Bitcoin down 1% at $114,500 and Ethereum down 1% at $4,120. SOL remains steady at $200 ahead of the Bitwise BSOL ETF launch today. Democrats are calling for a ban on crypto creation and trading for elected officials. ETHZ stock surged 14% after DAT dumped $40M in ETH, while MegaETH raised over $500M in the first 24 hours of its public ICO.

Solana has officially joined Bitcoin and Ethereum in the ETF arena with the launch of the first U.S. spot Solana ETFs. Four new crypto ETFs, including Solana, Litecoin, and Hedera, will begin trading this week across Nasdaq and the NYSE. The Bitwise Spot Solana ETF will track 100% spot SOL and participate in staking. This move deepens liquidity and puts Solana in the same regulated category as BTC and ETH.

Solana’s momentum continues as it becomes a top-5 crypto by market cap, trading near $200 and surpassing Ethereum in daily transactions. The introduction of Solana ETFs provides new access to SOL for retirement accounts and institutional portfolios. While these new ETFs are a significant development, they lack the involvement of BlackRock, a dominant player in the ETF market with funds like IBIT and ETHA.

In other news, Mt. Gox delays Bitcoin repayments, Western Union tests stablecoin payment rails, and a U.S. Congressman introduces a bill to ban politicians from owning or creating crypto. Tom Lee’s BitMine adds $321M in ETH holdings, while token sales like MegaETH’s public ICO and platform updates like Abstract’s block time increase make headlines in the crypto space. NFT leaders see fluctuations, with notable moves in Punk Strategy and Yuga’s The Otherside.

Overall, the crypto and Web3 landscape is evolving rapidly with new ETFs, token launches, and regulatory developments shaping the industry’s future.

Read more at Yahoo Finance: Solana Staking ETF Goes Live Today