Uniswap
Why Uniswap is down 11.3% today
Analysis
Uniswap (UNI) fell 11.3% over the past 24 hours as the market weighed regulatory uncertainty around the token after Bitwise registered a “Uniswap ETF Trust,” an early procedural step that signals potential ETF-related activity but does not guarantee a filing or approval. Traders may have interpreted the development as highlighting UNI’s regulatory exposure rather than providing an immediate bullish catalyst, contributing to downside pressure.
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.