Uniswap ETF enters the chat: Bitwise files a registration statement with the SEC
Bitwise has filed a registration statement with the SEC for the Bitwise Uniswap ETF, aiming to track the UNI token.Summary
Bitwise has become the first asset manager to formally file for a Uniswap-focused exchange-traded fund (ETF) by submitting a registration statement to the Securities and Exchange Commission (SEC) for the Bitwise Uniswap ETF, which intends to track the UNI governance token.
The fund's objective is to provide exposure to the value of Uniswap, minus operational expenses. Uniswap is a major decentralized exchange built on Ethereum. This filing occurs amid growing momentum for crypto ETF launches, supported by a more favorable regulatory environment in the U.S.
If approved, Coinbase Custody Trust Company, LLC would serve as the custodian, though the fund would initially exclude staking, a feature that might be added later. The announcement coincided with a general downturn in the crypto market, with UNI's price falling about 15% in 24 hours.
(Source：The Block)