Group 1 - Bitwise Investments has filed an S-1 registration with the US SEC for a spot Uniswap ETF, marking a significant step towards broader financial market adoption of UNI [1][2] - The proposed Bitwise Uniswap ETF would track UNI's spot price and is expected to become a staple in institutional portfolios if approved [2] - The ETF will not include staking at launch, providing a straightforward exposure product for investors [3] Group 2 - Daily UNI burns have surged, with over 100 million UNI tokens burned in February, valued at approximately $597 million, and an annualized burn rate exceeding $36 million [3][5] - The increase in UNI burns reflects strong trading activity and the impact of the protocol's Fee Switch, which converts a portion of trading fees into burned UNI [5] - Despite the broader market bearish sentiment, the UNI token was trading at $3.20, down 13.73%, while large investors are strategically accumulating the token [6][7]