Uniswap
Why Uniswap is up 1.1% in the last hour
Analysis
Uniswap (UNI) rose 1.1% over the past hour as the market continued to digest ETF-related headlines tied to the protocol. CryptoNews reported that Bitwise filed an S-1 with the SEC to launch a Uniswap-focused ETF, a development that can be interpreted as incremental institutional attention even after the initial negative reaction noted in the same report.
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.