š Breaking: Bitwise Files Registration for First Spot Uniswap ETF with the SEC š¦
Asset manager Bitwise Investments has taken a major step toward institutionalizing decentralized finance by filing a Form Sā1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Bitwise Uniswap ETF ā a regulated exchangeātraded fund designed to track the price of Uniswapās governance token, UNI. If approved, this would become the first ETF in the U.S. focused specifically on a DeFi protocolās native token, potentially opening new pathways for traditional investors to gain exposure to one of the leading decentralized exchange tokens through standard brokerage accounts rather than direct crypto wallets.
According to the filing, the ETF would hold UNI tokens directly, with Coinbase Custody Trust Company named as the proposed custodian. The initial product would not include staking, though the registration leaves room for future amendments to add this feature.
Despite the regulatory milestone, UNIās price has reacted negatively in the short term, reflecting broader market volatility and riskāoff sentiment across crypto markets. This underscores that even major structural developments donāt always translate to immediate price rallies, especially amid downturns.
š Why this matters:
šŖ First institutionalāoriented ETF proposal tied to a DeFi governance token
šļø Signals growing regulatory engagement with decentralized finance by traditional markets
š Shortāterm price pressure highlights the nuanced relationship between product announcements and market sentiment
This move represents a key moment for DeFiās integration into mainstream investment vehicles and marks continued evolution in the bridge between crypto innovation and traditional finance.
