Bitwise files for spot Uniswap (UNI) ETF with Coinbase Custody proposed; UNI falls ~7.9% as volume jumps 90%

Bitwise submitted a registration statement to the U.S. SEC on Feb. 5 for a spot Uniswap (UNI) ETF. The fund will not include staking at launch but may add it later; Coinbase Custody Trust Company LLC is named as the proposed custodian. Following the filing, UNI traded at $3.33 (down ~7.91% over 24 hours), its weakest level since June 2024, while 24-hour trading volume rose over 90% to about $692.7 million. The article also notes Binance’s new listing standard for UNI and suggests the ETF could help UNI recover.
AI Analysis
Bitwise filed for a spot UNI ETF (bullish signal) but the fund will exclude staking at launch (neutral/limiting) and names Coinbase Custody as custodian (neutral). Despite the filing, UNI fell ~7.91% to $3.33—the weakest since June 2024—while volume surged >90% to ~$692.7M; the article mentions Binance’s new listing standard and says the ETF could aid recovery.