Bitwise Files for Spot Uniswap ETF as Daily UNI Burn Hits Record High, Yet Price Falls 15%

Bitwise Investments has taken a major step toward bringing Uniswap (UNI) to the broader financial market, filing an S-1 registration with the US SEC (Securities and Exchange Commission) for a spot Uniswap ETF. The announcement marks a potential milestone for UNI adoption in institutional portfolios, yet the token’s price still struggles. Bitwise Filed for a Spot Uniswap ETF as Daily UNI Burn Hits a New High Bitwise recently registered the “Bitwise Uniswap ETF” entity in Delaware, a procedural move identical to previous spot ETF filings. “With the regulatory clouds cleared and Bitwise leading the charge, $UNI is about to become a staple in every institutional portfolio,” Whale Factor remarked. The proposed fund, if approved, would track UNI’s spot price, excluding expenses, with Coinbase Custody serving as the custodian. At launch, the ETF would not include staking, signaling a straightforward exposure product for investors. 📰 Bitwise files for first Uniswap-focused ETF@BitwiseInvest has filed an S-1 with the @SECGov to launch the Bitwise Uniswap ETF, seeking direct exposure to UNI, the governance token of @Uniswap, reported by @TheBlock__.If approved, the fund would track UNI’s price (excluding… pic.twitter.com/poaJe5NFwR— ME Group (@MetaEraHK) February 6, 2026 The filing coincides with notable on-chain activity. Daily UNI burns have surged sharply in February, according to Dune Analytics, alongside higher Uniswap trading fees. As of early February, over 100 million UNI tokens have been burned, valued at approximately $597 million, with the annualized burn rate exceeding $36 million. Daily UNI Burns. Source: Dune Analytics Daily charts indicate that the pace of UNI burning is accelerating, reflecting strong trading activity and the impact of the protocol’s Fee Switch, which converts a portion of trading fees into burned UNI. Uniswap Daily Fees. Source: Dune Analytics Despite these metrics, UNI’s price has remained relatively subdued, down by almost 15% over the l...