Bitwise Asset Management has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission for a proposed Bitwise Uniswap ETF, according to a filing published on the SEC’s EDGAR system on February 5, 2026.
The filing marks an attempt to register a U.S. exchange-traded fund designed to hold Uniswap’s governance token (UNI) directly.
ETF structure and investment objective
According to the preliminary prospectus, the Bitwise Uniswap ETF would issue shares representing fractional ownership in a trust holding UNI tokens, with the investment objective of tracking the value of UNI held by the trust, net of expenses.
The registration statement notes that the ETF would not engage in active trading strategies and would not seek to outperform the UNI market.
Custody and administration arrangements
The filing identifies Coinbase Custody Trust Company, LLC as the proposed custodian of the UNI tokens held by the trust. Bitwise Investment Advisers, LLC is listed as the sponsor and manager of the fund.
Net asset value calculations would be based on a benchmark pricing methodology described in the registration statement.
Regulatory status and next steps
The S-1 filing was submitted under the Securities Act of 1933 and remains subject to SEC review. The prospectus states that shares of the ETF may not be offered or sold until the registration statement becomes effective.
The filing does not specify a proposed ticker symbol, listing exchange, or launch timeline.
Context within crypto ETF filings
The Uniswap ETF filing follows Bitwise’s prior registrations of trusts and ETF proposals tied to other digital assets, as part of a broader expansion of crypto-linked exchange-traded products submitted to U.S. regulators.
If approved, the Bitwise Uniswap ETF would expand the scope of registered crypto ETFs beyond bitcoin and ether to include a decentralized finance protocol governance token, according to the registration statement.
