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Bitwise has submitted an application for a cryptocurrency-linked exchange-traded fund based on UNI., 2026/02/06 17:02:36
The investment firm Bitwise has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the establishment of an exchange-traded fund (ETF) linked to the cryptocurrency of the decentralized exchange Uniswap (UNI).
The fund aims to track the value of UNI held by the fund, deducting operational expenses. Prior to approaching the agency, Bitwise registered a trust for the Bitwise Uniswap ETF in Delaware on January 27. Coinbase Custody Trust Company has been designated as the custodial service. Details regarding which stock exchange the new fund will be listed on and its ticker symbol have not yet been disclosed. It is expected that investors will be able to access shares through standard brokerage platforms, eliminating the need for direct interaction with decentralized protocols.
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Bitwise’s application to the American regulator for the new ETF comes a year after the SEC concluded its investigation into Uniswap Labs. Previously, the agency had accused the Brooklyn-based exchange of trading and issuing unregistered securities, as well as operating without a license.
Despite the resolution of the regulator’s claims, the UNI coin is facing significant selling pressure amid a sharp correction across the entire cryptocurrency market. Over the course of a day, UNI dropped by 6.4% to $3.38, while the market capitalization of the crypto asset decreased by 6.43% to $2.14 billion.
Last year, Bitwise informed the SEC of its intention to launch a spot exchange-traded fund (ETF) linked to the cryptocurrency Chainlink (LINK). In November, the company launched an exchange-traded fund that tracks the cryptocurrency Dogecoin, which trades under the ticker BWOW on the NYSE Arca.
