Uniswap
Why Uniswap is down 1.4% in the last hour
Analysis
Uniswap (UNI) slipped 1.4% over the past hour as traders reacted to regulatory-related headlines around Uniswap exposure in traditional markets. CryptoNews reported that Bitwise filed an S-1 with the SEC to launch a Uniswap-focused ETF, and noted UNI had already seen a sharp slump alongside the news, which likely kept near-term sentiment pressured.
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.