Uniswap
Why Uniswap is down 4.6% today
Analysis
Uniswap (UNI) fell 4.6% over the past 24 hours despite a potentially constructive regulatory headline. Decrypt reported that Bitwise registered a “Uniswap ETF Trust,” but framed it as an early, preliminary step toward a possible filing rather than an approved product, which may have limited immediate bullish follow-through and left UNI trading lower on the day.
Contributing Factors (1)
Bitwise Registers Uniswap ETF Trust in Early Step Toward Potential Filing
The filing comes after regulators closed their probe into Uniswap Labs, shifting attention from enforcement toward questions over liquidity.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.