Uniswap
Why Uniswap is up 4.5% today
Analysis
Uniswap (UNI) rose 4.5% over the past 24 hours as the market reacted to ETF-related headlines after Bitwise filed an S-1 with the SEC to launch a Uniswap-focused ETF. While the initial report noted UNI had previously slumped on the news, the subsequent bounce suggests traders reassessed the filing as a constructive catalyst and bought back into UNI.
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.