Bitwise Asset Management has filed with the US Securities and Exchange Commission to launch the first spot Uniswap exchange-traded fund, seeking regulated exposure to the UNI token.
The proposed Bitwise Uniswap ETF would hold UNI directly and offer investors access through traditional brokerage accounts, with Coinbase Custody named as custodian.
The filing, submitted on February 5, comes as UNI continued to trade lower, underscoring cautious sentiment across altcoins despite growing institutional interest in crypto-linked ETFs.
The ETF is structured as a trust sponsored and managed by Bitwise Investment Advisers, with shares intended to trade on a US exchange under a yet-to-be-announced ticker.
If approved, it would be the first US-listed ETF tied directly to a decentralised finance protocol’s native token rather than a broader crypto index.
UNI is the governance token of Uniswap, one of the largest decentralised trading venues operating on Ethereum.
The filing follows a wave of similar applications from issuers seeking approval for ETFs linked to major altcoins, reflecting an expanding push to bring DeFi assets into regulated markets.
At the time of reporting, Uniswap price was $3.28.