Uniswap
Why Uniswap is down 16.3% today
Analysis
Uniswap (UNI) fell 16.3% over the past 24 hours after Bitwise filed an S-1 with the SEC to launch a Uniswap-focused ETF, a regulatory development that coincided with immediate selling pressure in UNI. The market appears to have reacted negatively to the filing and related regulatory uncertainty, as reported alongside the token’s slump.
Contributing Factors (1)
Bitwise Files S-1 With SEC to Launch Uniswap-Focused ETF, UNI Token Slumps 16%
Bitwise Uniswap ETF fund targets exposure to UNI, the governance token of the leading decentralized exchange protocol. The post Bitwise Files S-1 With SEC to Launch Uniswap-Focused ETF, UNI Token Slum...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.