Uniswap
Why Uniswap is down 1.2% in the last hour
Analysis
Uniswap (UNI) slipped 1.2% over the past hour, likely reflecting continued negative sentiment tied to regulatory headlines. CryptoNews reported that Bitwise filed an S-1 with the SEC to launch a Uniswap-focused ETF, and UNI sold off sharply in response, suggesting traders are treating the filing and associated regulatory scrutiny as a near-term overhang.
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.