Bitwise has submitted an application for a Uniswap ETF, but UNI's price trend is completely different.

According to a report by Bijie Network: Bitwise has registered a trust in Delaware for a potential Uniswap ETF in response to future regulatory changes. Although this preparation led to a 3.83% increase in UNI's price to $4.82, it stands in sharp contrast to broader ETF fund flows, which show an outflow of $63.53 million from Ethereum and inflows into assets such as XRP and SOL. Despite upgrades to its governance mechanism, UNI's recent market performance remains sluggish, indicating a disconnect between protocol progress and price performance.