BULLISH 📈 : Bitwise Registers Uniswap ETF Trust, UNI Price Rebound Possible

Bitwise has registered a Delaware statutory trust named Bitwise Uniswap ETF, indicating potential plans to launch an ETF linked to Uniswap. This is an initial procedural step, as no US SEC filing has occurred yet. The move follows the SEC's closure of its investigation into Uniswap Labs.

Legal and Regulatory Considerations

Focus has shifted to structure, liquidity, and trade execution due to easing legal uncertainties.
An ETF tied to a decentralized protocol needs clear pricing, sufficient volume, and a monitorable setup.
Approval depends on regulators' assessment of Uniswap’s decentralization and on-chain liquidity reliability.
Despite being liquid, Uniswap faces fragmented volumes and governance issues.

Uniswap Governance Challenges

Internal scrutiny over governance, with claims that tokenholders gain limited benefits from governance rights.
Tensions increased after Uniswap Labs launched Unichain without DAO approval.
The UNIfication vote combined the Uniswap Foundation with Uniswap Labs, sparking criticism for reducing DAO independence.
UNI trades at around $4.78, down 60% over the past year, with a market cap drop of $4.15 billion.

Potential UNI Price Movement

Sentiment data suggests a possible short-term price rebound as retail selling exhausts.

Despite current price weakness, Uniswap processed approximately $859 million in trading volume over the past 24 hours and nearly $1 trillion over the past year.