Bitwise Bets on Uniswap ETF: the Drama You Didn’t Know You Needed

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Bitwise is registering a statutory trust for a Uniswap (UNI) ETF in Delaware. Yes, corporate drama, but make it finance.

This whole scene plays out against a backdrop of a crypto ETF market that’s basically a weather forecast: mostly cloudy with a chance of panic. Bitcoin and Ethereum products are seeing big outflows, while altcoins are playing a game of “hot or not.”

Bitwise Registers Uniswap ETF in Delaware

According to Delaware records, Bitwise filed the “Bitwise Uniswap ETF” on January 27, 2026, under file number 10486859. It’s not a product yet, just a driveway with the lights on.

🚨 UPDATE: Bitwise registers for a $UNI ETF in Delaware, indicating filing may come soon.

– CW (@CW8900) January 28, 2026

This is an early step before submitting a formal application to the Securities and Exchange Commission. Registration doesn’t guarantee approval or launch, but it does prove Bitwise is expanding its ETF ambitions the way a cat expands to fill a sunbeam.

The next likely move is an S-1 filing with the SEC, which will lay out the fund’s structure, investment approach, and the compliance jazz that makes your accountant nod in admiration and fear.

The Uniswap ETF registration comes as investors opt for a risk-off vibe. SoSoValue data show Bitcoin ETFs draining $1.33 billion last week, and Ethereum ETFs losing $611.17 million. Mood lighting: red, with a hint of panic.

But then there were some countercurrents: on Monday flows turned positive, but then reversed on Jan 27, with Bitcoin ETFs down $147.37 million and Ethereum ETFs outflows of $63.53 million.

Altcoin ETFs were a mixed bag. XRP ETFs brought in $9.16 million, Solana ETFs added $1.87 million, suggesting selective investor interest. The AVAX ETF? It had zero net flows at launch, which, in Tina Fey terms, is a strong “meh.”

Overall, flows are uneven: investors are picking winners like a dairy aisle shopper choosing lactose-free milk-precise and cautious, basically “I’ll take the one that doesn’t scream money burning.”

UNI Price Outlook

Meanwhile, the UNI price didn’t crash and burn in response to the ETF filing. BeInCrypto Markets data shows UNI around $4.83 as of press time, up about 4% in the last day, riding the market mood rather than leading it.

Sentiment around UNI is a little chaotic. Santiment notes a lot of negative chatter around Uniswap and Chainlink among altcoins. It might be the kind of negativity that makes a price bounce back like a rubber ball in a blender.

“Uniswap & Chainlink have both seen a notably high amount of negative commentary compared to other altcoins. With retail dumping, this means both $UNI & $LINK are candidates for continued price rebounds in the short-term,” Santiment posted.

Combine that with the institutional interest reflected in the ETF filing, and you have a dynamic that could support UNI’s price. Still, the big drivers will be the broader market mood and macro trends, not a single filing envelope.

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2026-01-28 15:06