Bitwise Submits Uniswap ETF Registration Statement to U.S. SEC, Intends to Track UNI

Odaily News Asset management firm Bitwise has submitted a registration statement to the U.S. Securities and Exchange Commission for the Bitwise Uniswap ETF, becoming the first institution to formally advance an ETF targeting Uniswap's governance token, UNI. The document indicates that the fund's primary investment objective is to hold UNI, with staking not included initially but subject to potential adjustments later; if approved, the custodian will be Coinbase Custody Trust Company. This application comes against the backdrop of a more favorable environment for crypto ETFs in the United States. (The Block)