Uniswap
Why Uniswap is down 10.1% today
Analysis
Uniswap (UNI) fell 10.1% over the past 24 hours as traders reacted to regulatory uncertainty after Bitwise filed an S-1 with the SEC to launch a Uniswap-focused ETF. According to CryptoNews, the filing coincided with a sharp selloff in UNI (reported as a 16% slump), suggesting the market viewed the development as increasing near-term regulatory scrutiny rather than an immediate catalyst for inflows.
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.