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Bitwise Files for First Spot Uniswap (UNI) ETF With SEC

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Bitwise Files for First Spot Uniswap (UNI) ETF With SEC

Bitwise Asset Management has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Uniswap ETF, marking a major step toward a regulated exchange-traded product tied directly to the UNI token.

Summary

  • Bitwise has filed for a spot Uniswap ETF, seeking to offer regulated exposure to the UNI token through traditional markets.
  • The proposed ETF would hold UNI directly, with Coinbase Custody named as custodian.
  • UNI traded lower despite the filing, underscoring cautious market sentiment toward altcoins.

Uniswap ETF filing fails to lift UNI price

Despite the filing, Uniswap (UNI) showed little immediate upside. The token continued to trade lower, reflecting cautious sentiment across altcoins even as institutional interest grows.

At press time, UNI was exchanging hands at $3.22, down 14.5% over the past 24 hours.

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The filing, submitted on February 5, 2026, proposes the launch of the “Bitwise Uniswap ETF,” a trust designed to hold Uniswap tokens as its primary asset. It provides investors with a regulated vehicle to gain exposure to UNI price movements through traditional brokerage accounts.

According to the SEC registration, the ETF would issue shares intended to trade on a U.S. exchange under a yet-to-be-announced ticker symbol.

Bitwise Investment Advisers will sponsor and manage the trust, while Coinbase Custody will hold the Uniswap tokens. The structure aims to offer investors exposure to Uniswap without requiring them to manage wallets or private keys.

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If approved, the Bitwise Uniswap ETF would be the first regulated ETF focused on a DeFi protocol’s native token in the U.S. market. UNI is the governance token for the Uniswap decentralized exchange, one of the largest decentralized trading venues built on Ethereum.

Bitwise’s filing arrives in a market where demand for crypto ETFs is evolving. Bitwise and other issuers have recently filed for a range of altcoin-linked ETFs, including products tied to AAVE, Chainlink, and other major tokens.

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Crypto World

Bitcoin Halts Gains as US-Iran War, Hormuz Closure Make a Comeback

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Bitcoin Halts Gains as US-Iran War, Hormuz Closure Make a Comeback

Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route.

Bitcoin (BTC) sought to protect $75,000 into Sunday’s weekly close as crypto surfed fresh uncertainty over the US-Iran war.

Key points:

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  • Bitcoin price action sinks from ten-week highs amid fears that the US-Iran war has returned in full force.

  • Iran closes the Strait of Hormuz, bringing back the risk of an oil-price surge.

  • BTC price action faces ongoing resistance at a 21-week trend line into the weekly close.

Bitcoin abandons highs as US-Iran war fears return

Data from TradingView showed BTC price pressure reentering after a trip to ten-week highs of $78,400 on Friday.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Mixed signals from US and Iranian sources characterized the weekend, with an assumed ceasefire and mutual agreements between the two sides now seemingly undone.

Among the latest developments was the repeat closure of the Strait of Hormuz, putting the focus on oil futures on the day. News of a ceasefire had sent WTI crude below $80 per barrel for the first time since March 10.

“We expect an eventful Sunday ahead,” trading resource The Kobeissi Letter summarized in ongoing analysis on X.

CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView

As BTC/USD circled local highs, and sentiment with it, market participants stayed cautious. Trading resource Material Indicators noted that the entire market mood could flip on relatively little input, such as a social media post.

“Sentiment is overwhelmingly bullish at the moment, but that could change with one Tweet in the coming days. Know your invalidations,” it told X followers.

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Data from CoinGlass showed long positions coming under fire during the BTC price retracement, with total crypto liquidations at $260 million over the past 24 hours.

Crypto seven-day liquidation history (screenshot). Source: CoinGlass

BTC price capped by resistance trend line

Continuing, trader Daan Crypto Trades eyed a potential gap in CME Group’s Bitcoin futures market opening as a result of the weekend comedown.

Related: Bitcoin can grow ‘probably a lot bigger’ than $30T+ gold market — Analysis

As Cointelegraph reported, such gaps often act as short-term price magnets when the new week begins.

“It’s going to be interesting to see the futures open today and how $OIL will react to the recent headlines regarding the strait,” he added.

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BTC/USDT 15-minute chart. Source: Daan Crypto Trades/X

Looking at the weekly close, trader and analyst Rekt Capital placed importance on Bitcoin’s 21-week exponential moving average (EMA) near $78,900.

“Bitcoin is rejecting from the 21-week EMA (green),” he observed alongside the weekly chart. 

“It is this rejection that could force a post-breakout retest of the top of the Double Bottom (~$73k) next week, provided Bitcoin Weekly Closes just like this.”

BTC/USD one-week chart. Source: Rekt Capital/X