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Crypto asset manager Bitwise has become the first entity to submit a filing with the US regulator for the establishment of an exchange-traded fund (ETF) focused on Uniswap.
The fund aims to provide exposure to Uniswap (UNI), the governance token associated with the prominent decentralized exchange protocol. This ETF filing represents a significant milestone for decentralized finance (DeFi).
“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,” the filing submitted to the US Securities and Exchange Commission (SEC) on Thursday stated.
Uniswap is a decentralized exchange (DEX) operating on the Ethereum blockchain that facilitates token swaps without the need for an intermediary. Regulatory authorities are currently assessing the Bitwise application.
Bitwise Establishes Delaware Statutory Trust for Uniswap ETF
The asset manager initially established a Delaware statutory trust for a prospective Uniswap fund on January 27, as a standard legal procedure that typically precedes an SEC filing.
UPDATE: Bitwise registers for a $UNI ETF in Delaware, indicating filing may come soon. pic.twitter.com/4ObJo38PBv
— CW (@CW8900) January 28, 2026
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This action positioned Bitwise to pursue an ETF linked to a decentralized finance protocol, paving the way for a subsequent federal filing.
The registration occurred after the SEC ceased its investigation into Uniswap Labs, the Brooklyn-based firm, in February 2025. The SEC had charged Uniswap for functioning as an unregistered securities exchange and for issuing an unregistered security.
If the regulator grants approval, the Coinbase Custody Trust Company would serve as the custodian for the Bitwise Uniswap ETF.
Wider Crypto Market Decline Causes UNI Token to Drop by Over 16%
UNI, the native token of Uniswap, has decreased by 16.59% to $3.15 in the last 24 hours, lagging behind a broader market downturn.
This decline is part of a significant correction across the cryptocurrency market. The total market capitalization fell by 9.84% within 24 hours, with the Fear & Greed Index registering “Extreme Fear” at 5.
Additionally, a major factor was a substantial $1.03 billion in Bitcoin long liquidations, which compelled leveraged positions to be unwound across the market. As of press time, UNI is trading at $3.15, according to CoinMarketCap data.
The post Bitwise Files S-1 With SEC to Launch Uniswap-Focused ETF, UNI Token Slumps 16% appeared first on Cryptonews.
