Bitwise Investments has taken a major step toward bringing Uniswap (UNI) to the broader financial market, filing an S-1 registration with the US SEC (Securities and Exchange Commission) for a spot Uniswap ETF. The announcement marks a potential milestone for UNI adoption in institutional portfolios, yet the token’s price still struggles. Bitwise Filed for a Spot Uniswap ETF as Daily UNI Burn Hits a New High Bitwise recently registered the “Bitwise Uniswap ETF” entity in Delaware, a procedural move ident ...

Group 1 - Bitwise has filed with the US SEC to launch the first ETF dedicated to Uniswap, marking a significant moment for decentralized finance (DeFi) [1][2] - The ETF aims to provide exposure to the value of Uniswap (UNI) held by the Trust, minus operational expenses and liabilities [2] - Bitwise registered a Delaware statutory trust for the Uniswap fund on January 27, a preliminary step before the SEC filing [3] Group 2 - The SEC previously investigated Uniswap Labs for operating as an unregistered securities exchange but backed off in February 2025 [4] - If approved, Coinbase Custody Trust Company will serve as the custodian for the Bitwise Uniswap ETF [4] - The UNI token has dropped 16.59% to $3.15 in the last 24 hours, reflecting a broader market downturn [5][6]

uniswap Bitwise is officially the first asset manager to make a formal move to list a Uniswap-focused exchange-traded fund. On Thursday, the asset management firm filed a registration statement with the Securities and Exchange Commission for the Bitwise Uniswap ETF, which would track the UNI token. "The Trust’s investment objective is to seek to provide exposure to the value of Uniswap held by the Trust, less the expenses of the Trust’s operations and other liabilities," according to the statement.  UNI i ...

Core Insights - Bitwise has registered a Delaware statutory trust named Bitwise Uniswap ETF, indicating a potential future launch of an ETF linked to Uniswap [1] - The registration follows the SEC's closure of its investigation into Uniswap Labs in February 2025, which examined whether activities related to the decentralized exchange violated U.S. securities laws [2] Legal and Regulatory Considerations - Analysts note that the focus has shifted to structure, liquidity, and trade execution as legal uncertainties diminish, with any ETF needing to demonstrate clear pricing and sufficient volume [3] - Approval for the ETF will likely depend on regulators' assessment of Uniswap's decentralization and the reliability of its on-chain liquidity [3] Governance and Internal Issues - Uniswap is recognized as a highly liquid decentralized exchange but is currently facing challenges related to fragmented volumes and internal governance issues [4] - There is growing scrutiny over governance, with community members arguing that tokenholders gain limited economic benefits from governance rights [5] - Tensions have escalated following Uniswap Labs' launch of Unichain without DAO approval, leading to concerns about the concentration of control [5] Recent Developments in Governance - The UNIfication governance vote merged the Uniswap Foundation into Uniswap Labs, which critics argue has weakened DAO independence [6] - UNI's market performance has suffered, trading around $4.78, down approximately 60% over the past year [6] Market Performance - UNI's market cap has decreased by $4.15 billion, dropping it to the 32nd position among the largest crypto assets [7] - Despite recent price weakness, Uniswap processed about $859 million in trading volume in the last 24 hours, and the protocol facilitated nearly $1 trillion in volume over the past year [8][9] Sentiment and Potential Price Movement - Sentiment data indicates a potential short-term price reversal for UNI, with high negative commentary suggesting that retail selling may be exhausting [8]