#BitcoinBouncesBack 📌 What’s Happening?
Bitwise has submitted a Form S-1 and established a Delaware statutory trust designed to offer an ETF that directly tracks the value of UNI tokens held in custody.
Unlike futures-based products, a spot ETF holds the actual asset, allowing investors to gain regulated exposure to UNI without managing wallets, private keys, or on-chain risks.
📊 Institutional Implications
1️⃣ Bridging TradFi and DeFi
A UNI spot ETF could act as a regulated gateway for institutional capital — including pension funds, mutual funds, and registered investment advisors — that ar