Bitwise Files for Spot Uniswap ETF as Daily UNI Burn Hits Record High, Yet Price Falls 15%

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 recently registered the “Bitwise Uniswap ETF” entity in Delaware, a procedural move identical to previous spot ETF filings.

“With the regulatory clouds cleared and Bitwise leading the charge, $UNI is about to become a staple in every institutional portfolio,” Whale Factor remarked.

The proposed fund, if approved, would track UNI’s spot price, excluding expenses, with Coinbase Custody serving as the custodian.

At launch, the ETF would not include staking, signaling a straightforward exposure product for investors.