Key Highlights
- Bitwise aims to bring Uniswap to traditional markets with its new ETF, giving investors easy access to UNI tokens.
- The recent shift in the regulatory landscape makes crypto ETFs safer, attracting institutional money into digital assets.
- This Uniswap filing follows Bitwise’s broader push into digital assets, with the firm filing applications for 11 new crypto ETFs last month.
Bitwise, one of the largest asset management firms and ETF issuer, has taken a major step launching a Uniswap-focused exchange-traded fund. The firm filed a registration statement with the U.S. Securities and Exchange Commission (SEC) On Thursday, asking for the regulator’s permission to track the price of UNI token.
The move positions Bitwise as the first asset manager formally targeting a Uniswap-based ETF. According to the filing, “the Trust’s investment objective is to seek to provide exposure to the value of Uniswap held by the Trust, less the expenses of the Trust’s operations and other liabilities.”
UNI is th native token of Uniswap, a decentralized exchange (DEX) built on Ethereum. It is currently one of the largest DEX globally with over $5.16 billion in 24 hour trading volume and a total value locked (TVL) of $2.97 billion—as per DeFillama data.
According to CoinMarketCap, this token currently ranks within the top 40 cryptocurrencies globally. Currently, its value is trading at $3.15, which is 15.64% reduced within the last 24 hours, following the recent market crash.
If approved, the Coinbase Custody Trust Company, LLC would serve as custodian for the Bitwise Uniswap ETF. Currently, the fund will not include staking, but Bitwise may adjust this later.
The filings outline that the fund would operate as a “strategy” ETF rather than a pure spot product. The fund could invest up to 60% in the underlying cryptocurrency, with the remainder allocated to exchange-traded products or derivatives, including futures and swap agreements.
Regulatory Tailwinds Drive Crypto ETF Growth
The proposal comes amid a wave of crypto ETF launches in 2025 and 2026. This shift follows favourable regulatory changes in the U.S. and a supportive political environment. All these developments come as the U.S. President Donald Trump has reiterated efforts to make America the “crypto capital” of the world.
Additionally, SEC Chair Paul Atkins and CFTC Chair Michael Selig have launched “Project Crypto,” aiming to modernize rules governing digital assets. These regulatory updates enhance trust among institutional investors, who increasingly see ETFs as a safer entry point into cryptocurrency.
Bitwise expands crypto ETF offerings
This filing follows Bitwise’s broader push into digital assets. Last month, the firm filed applications for 11 new crypto ETFs covering Aave, Tron, NEAR, Sui, Zcash, and more.
Bitwise also recently launched the Bitwise Proficio Currency Debasement ETF (BPRO) alongside Proficio Capital Partners. BPRO combines Bitcoin, gold, silver, other precious metals, and mining companies to protect investors from currency devaluation. At least 25% of BPRO’s portfolio is always invested in gold.
According to Bitwise, the fund’s total annual expense is 0.96%. BPRO is designed to update the old “60/40” investment approach by adding crypto exposure safely. It mixes Bitcoin’s potential to grow with gold’s long-term stability, making it attractive for wealth managers and big investors. Plus, the fund shows how ETFs can connect digital assets with traditional markets, giving investors a simpler, safer way to invest.
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