Bitwise Asset Management’s ETF Initiative
Bitwise Asset Management has taken a significant step in the cryptocurrency investment landscape by submitting a Form S-1 to the U.S. Securities and Exchange Commission (SEC) for a spot ETF focusing on Uniswap. This initiative is designed to create an exchange-traded product directly associated with the UNI token, marking a pioneering effort to bring regulated access to this decentralized finance (DeFi) asset.
Market Response and ETF Details
Despite the potential implications of this filing, the market response for Uniswap (UNI) has been tepid. The asset fell by 14.5% in value, trading at $3.22 during the latest reporting period, as investor sentiment across the altcoin market remained cautious, even in the face of growing institutional interest.
The formal request was lodged on February 5, 2026, and aims to establish the “Bitwise Uniswap ETF”, which will primarily consist of Uniswap tokens. This vehicle is intended to offer investors an opportunity to participate in the price dynamics of UNI through conventional brokerage platforms, eliminating the complexities associated with wallet management and private key security.
Per the registration details, shares of the proposed ETF will be traded on a U.S. exchange, though a ticker symbol has yet to be revealed. The trust will be sponsored and managed by Bitwise Investment Advisers, while Coinbase Custody is set to safeguard the Uniswap tokens. If approved, this ETF would represent the first regulated offering of its kind connected to a DeFi protocol’s native token within the U.S. market.
Uniswap’s Role in the DeFi Sector
Uniswap has emerged as a notable player in the decentralized exchange sector, built on the Ethereum blockchain and recognized as one of the largest platforms in this domain. Bitwise’s ETF filing aligns with a growing trend among crypto issuers, as several have recently sought to launch ETFs linked to various altcoins, including those associated with notable tokens like AAVE and Chainlink.
