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3w ago

Bitwise Files S-1 With SEC for Spot Uniswap ETF

Approval would create the first U.S. ETF tied to a DeFi protocol’s native token.

Are Bitwise's Spot Uniswap ETF plans good news for UNI's price?
Bitwise files for first spot uniswap etf with sec
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Overview

  • The proposed Bitwise Uniswap ETF would be a trust holding UNI directly, with Coinbase Custody named to safeguard the tokens.
  • Staking is excluded at launch according to the filing, with the sponsor indicating it could seek to add the feature later by amendment.
  • The application has entered SEC review after Bitwise formed a Delaware statutory trust for the product on January 27.
  • UNI’s price fell roughly 14%–16% over the past day despite the filing, while trading activity jumped, including reports of an approximately $200 million volume spike.
  • The move comes as issuers pursue spot ETFs for other altcoins such as AAVE and Chainlink, following the SEC’s 2025 closure of its Uniswap Labs probe without ensuring ETF approval.