This article was first published on Deythere.
Bitwise Uniswap ETF filing has been sent to the U.S. Securities and Exchange Commission (SEC), marking one of the pivotal moments for decentralized finance (DeFi). The filing aims to launch the first exchange-traded fund (ETF) focused entirely on Uniswap, the prominent decentralized exchange platform built on Ethereum.
UNI, the governance token of Uniswap, is currently $3.22, down 13.39% in the past 24 hours. The broader crypto market has also dropped, with total market capitalization down 13.9% over the same period, reflecting significant investor caution.
What Does the Bitwise Uniswap ETF Filing Include?
The Bitwise Uniswap ETF filing was submitted on Thursday and aims to provide investors with exposure to the value of Uniswap held by the Trust, after deducting the fund’s operational expenses and other liabilities.
The filing states that, “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.”
Coinbase Custody Trust Company is expected to act as the custodian and will securely hold UNI tokens for the ETF. The application is currently under review by the SEC.
Why Did Bitwise Form a Delaware Statutory Trust?
Bitwise initially registered a Delaware statutory trust for the potential Uniswap fund on January 27, 2026, as a standard legal step before submitting the SEC filing. The trust, called BITWISE UNISWAP ETF, is incorporated in Wilmington, Delaware, and lists CSC Delaware Trust Company as its registered agent.
This registration follows normal procedures for ETFs and provides a formal legal framework for the proposed fund. The details are recorded in the official registration filings with Delaware authorities.
How Has UNI Reacted to the Filing?
Following the Bitwise Uniswap ETF filing, UNI experienced a significant drop. UNI is currently trading at $3.22, down 13.39% over the past 24 hours, amid broader market pressures including $1.03 billion in Bitcoin long liquidations that forced leveraged positions to unwind across the crypto market.
The token shows an RSI of 20.07 on TradingView’s 1-day chart, placing it in deeply oversold territory below 30 with a Buy action trigger, while the Uniswap-specific Fear & Greed Index stands at 26%, reflecting bearish sentiment driven by price momentum, volatility, and market volume.
What Is the Regulatory Context?
The SEC previously charged Uniswap Labs for operating as an unregistered securities exchange. The regulator also accused the company of issuing unregistered securities.
In February 2025, the SEC later backed off from the case, allowing Uniswap to continue its operations. The Bitwise Uniswap ETF filing follows this regulatory development and is currently under review by the SEC to determine whether the fund will be approved.
Why Is This Filing Significant for DeFi?
The Bitwise Uniswap ETF filing would give investors regulated access to Uniswap through a traditional investment product. If approved, it would be the first ETF built around a decentralized exchange rather than a single blockchain or payment token.
The move places DeFi assets closer to established financial markets without changing how the underlying protocol operates. It also shows that large asset managers are continuing to explore crypto-linked products as U.S. regulatory conditions gradually become clearer.
Conclusion
The Bitwise Uniswap ETF filing remains under review by the SEC. Market participants are closely watching how regulators respond to the proposal.
The review process is taking place amid broader volatility across the crypto market. Any approval or further guidance in the coming weeks will shape Bitwise’s next steps and determine whether Uniswap is introduced through regulated investment products.
Glossary
Bitwise Uniswap ETF: The planned ETF offering regulated access to UNI.
UNI Token: Uniswap’s token used for governance voting.
Delaware Statutory Trust: A legal setup used to create ETFs.
Relative Strength Index (RSI): A tool that shows overbought or oversold levels.
Fear & Greed Index: A measure of market sentiment and emotion.
Frequently Asked Questions About Bitwise Uniswap ETF
Who filed the Uniswap ETF with the SEC?
Crypto asset manager Bitwise submitted the Uniswap ETF filing to the U.S. Securities and Exchange Commission.
What does the ETF give investors exposure to?
The ETF would give investors exposure to the value of Uniswap’s governance token, UNI.
Why did Bitwise register a Delaware statutory trust?
Bitwise formed a Delaware trust as a normal legal step before filing the ETF with the SEC.
Who will hold the UNI tokens for the ETF?
Coinbase Custody Trust Company is expected to securely hold the UNI tokens for the ETF.
What does the Fear & Greed Index reading of 26 indicate?
A reading of 26 shows fear in the market, meaning investors are cautious and bearish.
Sources
For advertising inquiries, please email . [email protected] or Telegram
