Bitwise registers entity for Uniswap ETF in Delaware

Bitwise has registered an entity for a Uniswap (UNI) exchange-traded fund (ETF) in the U.S. state of Delaware, Decrypt reported. The move is considered a preliminary step before a formal ETF application is filed with regulators. Delaware is a popular jurisdiction for financial and investment funds to incorporate due to its business-friendly environment, which includes tax advantages and flexible corporate structures.