Bitwise Asset Management is taking significant steps towards launching a potential exchange-traded fund (ETF) linked to the Uniswap protocol. The firm has registered a Delaware statutory trust named Bitwise Uniswap ETF, marking an important milestone in the evolving landscape of cryptocurrency investment vehicles. Based on the data provided in the document, this move could pave the way for more institutional investment in decentralized finance.
Bitwise Uniswap ETF Registration
The registration of the Bitwise Uniswap ETF creates a legal framework that could facilitate a future application for a federal ETF, although no submission has yet been made to the U.S. Securities and Exchange Commission (SEC). This state-level filing is a common practice within the ETF industry, often occurring months or even years prior to any formal SEC review process.
Growing Institutional Interest
This strategic move by Bitwise highlights growing institutional interest in the Uniswap protocol, a decentralized exchange that has gained significant traction in the DeFi space. By establishing this trust, Bitwise is positioning itself to navigate the regulatory landscape and potentially capitalize on the increasing demand for cryptocurrency-related investment products.
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