Catenaa, Wednesday, February 11, 2026- Bitwise Asset Management has filed a registration statement with the Securities and Exchange Commission to launch the first exchange-traded fund tracking the UNI token, the governance asset of the Uniswap protocol.
The proposed Bitwise Uniswap ETF would aim to provide investors with exposure to the value of UNI held by the trust, less operational expenses and other liabilities. If approved, Coinbase Custody Trust Company would serve as the fund’s custodian.
Staking of UNI would not be included initially but could be added later.
UNI, among the top 40 cryptocurrencies by market capitalization, is the native token of the Ethereum-based decentralized exchange Uniswap, which allows users to swap tokens without intermediaries.
The token fell roughly 15% over the past 24 hours amid broader market declines, including a nearly 15% drop in bitcoin on Thursday.
The filing comes as US regulators and policymakers take steps to promote a more favorable environment for digital assets.
SEC chair Paul Atkins has launched “Project Crypto” in coordination with the Commodity Futures Trading Commission to modernize rules for cryptocurrencies. Political support has also been cited as part of a broader push to position the US as a global hub for crypto markets.
The move underscores growing interest from asset managers in token-specific ETFs, following a wave of crypto fund launches in 2025 and early 2026.
Approval of the Bitwise Uniswap ETF would mark a milestone in making decentralized finance tokens more accessible to traditional investors through regulated investment products.
