Asset manager Bitwise has registered a statutory trust for a ETF on Uniswap (UNI) in the state of Delaware. The registration marks the first step in the process of launching an exchange-traded fund. The company is taking this step amid weak momentum in the crypto ETF market. Bitcoin and Ethereum-based funds continue to see capital outflows.
The altcoin ETF segment looks less clear and has yet to form a sustainable trend. According to the Delaware state registry, on January 27, 2026, Bitwise registered the Bitwise Uniswap ETF fund. The entry is filed under number 10486859 and was created as a statutory trust. This registration precedes the official application to the U.S. Securities and Exchange Commission (SEC). This registration does not mean automatic approval or launch of the fund, but it shows Bitwise’s intention to expand its ETF product line. Next, the company will most likely file Form S-1 with the SEC. This document will disclose the fund’s structure, investment approach, regulatory compliance requirements, and other key details. The registration of the ETF on Uniswap comes during a period of cautious sentiment in the market.
This is clearly reflected in crypto ETF dynamics. According to SoSoValue, last week bitcoin ETFs saw outflows of $1.33 billion. Outflows from Ethereum ETFs over the same period totaled $611.17 million. On Monday, the situation briefly improved, but the momentum could not be sustained. By January 27, net outflows from bitcoin ETFs reached $147.37 million. Ethereum ETFs saw additional outflows of $63.53 million. Among altcoin ETFs, the picture is mixed. Funds based on XRP attracted $9.16 million in net inflows. Solana ETFs added another $1.87 million, indicating selective investor interest. At the same time, the recently launched AVAX ETF still shows zero flows and is not attracting capital. As a result, investors are acting selectively and entering only certain crypto ETF products. Even where inflows are recorded, volumes remain limited, indicating a cautious approach to risk.
Meanwhile, the registration of the ETF trust for Uniswap has had almost no impact on the price of UNI. According to CoinMarketCap, at the time of publication the token was trading around $4.83, up nearly 4% over the past day. This movement generally matched the overall crypto market trend. Santiment specifically highlights Uniswap and Chainlink as projects facing significantly more criticism. Uniswap and Chainlink are currently receiving significantly more negative comments compared to other altcoins. Amid sell-offs from retail investors, UNI and LINK look like candidates for a short-term price rebound, Santiment reported. But going forward, everything will depend on the broader market and macro conditions.
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