Bitwise Takes Early Steps Toward Uniswap ETF Despite Broader Market Risk Aversion
Bitwise registered a statutory trust for a Uniswap ETF in Delaware, signaling intent despite current crypto ETF outflows.Summary
Asset manager Bitwise has taken an early step toward launching a Uniswap (UNI) exchange-traded fund (ETF) by registering a statutory trust in Delaware on January 27, 2026. This move precedes a formal S-1 filing with the SEC and indicates Bitwise's desire to expand its ETF offerings, even as the broader crypto ETF market experiences risk aversion.
This development occurs while Bitcoin and Ethereum ETFs are seeing significant net outflows, with Bitcoin ETFs recording $1.33 billion in outflows the previous week. Altcoin ETFs show mixed results, with XRP and Solana seeing modest inflows, while the AVAX ETF saw zero net flows. This suggests investors are highly selective.
Despite the ETF filing, UNI prices remained relatively stable, trading around $4.83. Sentiment analysis from Santiment noted high negative commentary around UNI, which could suggest a contrarian opportunity for a short-term rebound, though long-term performance will depend more on overall market trends.
(Source：BeInCrypto)