Overview
- Delaware records show the “Bitwise Uniswap ETF” statutory trust was created on January 27, 2026 under file number 10486859.
- No application has been submitted to the SEC, and analysts note such state-level trusts are routine placeholders that may never advance to a federal filing.
- Experts say any SEC review would center on on-chain liquidity and pricing integrity, market surveillance, custody of smart contract exposures, and evidence of decentralization.
- Uniswap’s decentralized exchange processed roughly $859 million in 24-hour volume and UNI saw about $161 million in token trading volume, even as the protocol faces governance scrutiny following Unichain and the UNIfication vote.
- The move lands in a cautious ETF market with recent outflows from Bitcoin and Ethereum products, mixed flows across altcoin funds, and only a modest price response from UNI around $4.8 as sentiment trackers flag unusually negative commentary.