Bitwise Moves Forward with Uniswap ETF Plans Despite a Sluggish Crypto Market

Jakarta, Pintu News – Asset manager Bitwise has registered a legal trust for exchange-traded fund (ETF) Uniswap (UNI) in the state of Delaware.

The move comes amid the immense pressure that the crypto ETF market as a whole is facing. Bitcoin (BTC) and Ethereum (ETH) ETF products are experiencing significant outflows of funds, while altcoin ETFs are showing mixed results.

Bitwise Registers Uniswap ETF in Delaware

Based on Delaware state records, Bitwise registered the “Bitwise Uniswap ETF” on January 27, 2026 under file number 10486859.

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This registration is the first step before filing a formal application with the Securities and Exchange Commission (SEC). While this registration does not guarantee approval or launch, it does indicate Bitwise’s intention to expand its ETF product lineup.

The next step it will most likely take is the filing of an S-1 registration statement with the SEC, which will detail the fund’s structure, investment approach, compliance measures and more.

The registration of the Uniswap ETF comes amid risk-averse market sentiment. This can be seen in the performance of crypto ETFs. Based on data from SoSoValue, Bitcoin ETFs recorded net outflows of $1.33 billion last week, while Ethereum ETFs saw outflows of $611.17 million.

Although fund flows were positive on Monday, the momentum quickly reversed. On January 27, the Bitcoin ETF recorded net outflows of $147.37 million, and the Ethereum ETF saw outflows of $63.53 million.

Meanwhile, the performance of altcoin ETFs showed mixed results. The XRP ETF recorded net inflows of $9.16 million. In addition, the Solana ETF saw new inflows of $1.87 million, indicating selective interest from investors. In contrast, the newly launched AVAX ETF still recorded zero net fund flows, indicating minimal demand at launch.

Overall, this uneven pattern of fund flows suggests that investors are taking a highly selective approach, only allocating funds to a select few crypto ETF products. Even when there are inflows, they remain small, reflecting investors’ cautious attitude.

UNI Price Outlook

Meanwhile, the registration of the Uniswap ETF trust has not had a major impact on the UNI price. On January 28, UNI was trading at $4.83, up almost 4% in the last 24 hours, in line with the general crypto market trend.

Read also: VanEck Launches First Spot Avalanche ETF in the US: Time for AVAX to Rise?

Sentiment analysis of UNI shows an interesting pattern. Analytics firm Santiment found a high level of negative comments on Uniswap and Chainlink compared to other altcoins. This pattern could be a contrarian signal that opens up opportunities for price recovery.

“Uniswap and Chainlink have both seen a significant increase in negative comments compared to other altcoins. With the sell-off from retail investors, this leaves $UNI and $LINK with the potential to continue the price rebound in the short term,” Santiment wrote.

When combined with the institutional interest seen in ETF filings, this dynamic could help prop up the price of UNI. However, overall market and economic trends will likely have more influence on its long-term performance.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Bitwise Takes Early Steps Toward Uniswap ETF Despite Broader Market Risk Aversion. Accessed on January 29, 2026
• CoinCentral. Bitwise Sparks DeFi Buzz With New Uniswap ETF Trust Registration. Accessed on January 29, 2026
• Coinpedia. Bitwise Files Delaware Trust for Potential Uniswap ETF Amid Shifting SEC Stance. Accessed on January 29, 2026