Bitwise S-1 files with SEC to launch ETF targeting Uniswap and UNI token down 16%

Digital asset manager Bitwise has become the first to file with the US regulator to launch a dedicated exchange-traded fund (ETF) for Uniswap.

Objectives Presentation of funds in Uniswap token (UNI)an authority symbol for the advanced segmentation protocol. Fund listing represents an important moment in decentralized finance (DeFi).

“The financial objective of the Fund is to provide insight into the value of the UNI tokens held by the Fund, to reduce the Fund’s operating expenses and other liabilities,” according to a statement filed Thursday by the US Securities and Exchange Commission (SEC).

Uniswap on Decentralized exchange platform (DEX) was founded on Ethereum They offer token exchange without a middleman. Management is reviewing Bitwise’s performance.

Bitwise creates a Delaware-licensed Uniswap ETF

The asset manager first registered a legal trust in Delaware for the fund Unauthorized Perhaps on January 27, as a formal process that usually leads to a filing with the US Securities and Exchange Commission.

UPDATE: Bitwise subscribers a $UNI ETF in Delaware, which suggests that the filter may be coming soon. pic.twitter.com/4ObJo38PBv

– CW (@CW8900) January 28, 2026

The move made it possible for Bitwise to pursue an ETF linked to the DeFi protocol later on for federal registration.

The filing came after the US Securities and Exchange Commission dropped its investigation into Uniswap Labs, a Brooklyn company, in February 2025. The SEC accused Uniswap of operating as an unregistered private exchange and offering unregistered securities.

If approved by the regulator, Coinbase Custodian will act as custodian of the Bitwise Uniswap ETF.

A major decline in the cryptocurrency market drags the UNI token down more than 16%.

UNI Token, the birth token of Uniswap, fell 16.59% to $3.15 in the last 24 hours, resulting in a large market for large sales.

This drop comes as part of a comprehensive overhaul in… Digital currency market. All market capitalization fell by 9.84% in 24 hours, and the Fear and Greed Index reaches the “great fear” level of 5.

Additionally, the main driver was the liquidation of long Bitcoin positions totaling $1.03 billion in… Bitcoinforcing the privileged position to close the entire market. UNI is trading at $3.15 at press time, according to More about CoinMarketCap.

A note Bitwise S-1 files with SEC to launch ETF targeting Uniswap and UNI token down 16% appeared for the first time Cryptonews Arabic.

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