Hassan Maishera
TL;DR
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Digital asset management firm Bitwise filed a registration statement with the Securities and Exchange Commission for the Bitwise Uniswap ETF on Thursday.
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UNI is down 13.5% in the last 24 hours and is now trading at $3.20.
Bitwise Seeks to Launch a Uniswap ETF
Bitwise, one of the leading digital asset management firms in the world, has officially filed for a spot Uniswap exchange-traded fund (ETF). This latest development makes it the first asset manager to make this formal move.
The asset manager filed a registration statement with the Securities and Exchange Commission for the Bitwise Uniswap ETF on Thursday. The ETF would track the UNI token.
In the statement, Bitwise said,
"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."
UNI is the governance token of the Uniswap protocol and is among the top 40 cryptocurrencies by market capitalization. Meanwhile, Uniswap is a decentralized exchange built on Ethereum that allows users to swap tokens without an intermediary.
This latest development comes after several crypto ETFs were launched in 2025, driven by a more favorable U.S. regulatory and political environment for digital assets.
The United States continues to send the message that it wants to become the crypto capital of the world, while the SEC's new chair, Paul Atkins, has embarked on "Project Crypto" with the new Commodity Futures Trading Commission Chair, Michael Selig, to modernize its rules.
If the application is approved by the SEC, the Coinbase Custody Trust Company, LLC would be the custodian for the Bitwise Uniswap ETF.
Bitwise pointed out that the fund would not include staking initially, but that could be changed later on.
UNI is down 13.5% in the last 24 hours and is now trading at $3.20 as the broader cryptocurrency market shed over $350 billion since Thursday.
