#BitwiseFilesforUNISpotETF

🚨 Big DeFi News: Bitwise Asset Management has officially filed an S-1 registration with the U.S. SEC (February 5, 2026) for the Bitwise Uniswap (UNI) Spot ETF — potentially the first-ever spot ETF tracking Uniswap’s governance token, UNI.
If approved, this ETF would allow traditional investors to gain direct exposure to UNI through regular brokerage accounts, without holding the token themselves. Coinbase Custody would manage custody (no staking at launch, but it could be added later).
This marks a major step toward bridging DeFi with regulated Wall Street products.
🔍 Why This Matters
• Institutional expansion into DeFi
Beyond BTC and ETH, this signals rising institutional interest in leading DeFi tokens like UNI. Uniswap remains the world’s largest decentralized exchange by volume.
• Liquidity & visibility boost
Approval could unlock significant institutional capital, similar to how spot BTC and ETH ETFs reshaped their markets.
• Long-term legitimacy
This filing reinforces Uniswap’s position as real financial infrastructure — not just a speculative crypto asset.
⚠️ Important: Filing does not guarantee approval. The SEC review process may take months and could face delays or rejection.
📊 UNI Market Snapshot (Feb 6–7, 2026)
• Price: ~$3.30 – $3.58 (recent low near $2.95)
• 24h Change: −7% to −16% amid broader market sell-off
• 24h Volume: Spiked over 90%, reaching ~$500M–$700M
• Market Cap: ~$2.0B – $2.3B
• Supply: ~630M UNI circulating (1B max)
Despite price weakness, Uniswap on-chain activity remains strong, with record-high token burns and continued protocol usage — a positive long-term signal.
📉 Market Reaction
The ETF filing triggered a huge volume surge, but price dropped due to: • Broader crypto market fear
• Ongoing UNI downtrend
• Cautious sentiment toward altcoin ETFs
🔮 Outlook
• Bullish: ETF approval + market recovery → $4+ potential
• Bearish: Delays/rejection + weak market → continued pressure
• Realistic: Strong DeFi validation, price follows overall market trend
Bottom line: Bitwise is making a bold institutional bet on UNI. Short-term price is weak, but the filing is a major milestone for DeFi’s future.