Bitwise submitted a registration statement to the SEC for a Uniswap-focused ETF on Thursday, according to the filing. The proposed fund would track UNI and launch without staking, with the option to add it later if approved, and lists Coinbase Custody Trust Company, LLC as custodian. Around the same time, UNI fell about 15% over 24 hours, while bitcoin dropped nearly 15% on Thursday.

On Thursday, Sen. Mark Warner described feeling trapped in "crypto hell" during a Senate Banking Committee hearing on stalled digital asset market structure talks. Senators are working on legislation to split oversight between the SEC and CFTC, define disclosure and anti-money laundering rules, and address contentious issues such as stablecoin yield before a combined bill faces a 60-vote threshold in the full Senate.

The Avalanche Policy Coalition has introduced an advisory council led by Ava Labs General Counsel Lee Schneider, with UK legislator Chris Holmes and leaders from the Avalanche ecosystem joining. The council will address 2026 priorities: token classification, defining intermediaries, and protecting internet access, as regulators in the U.S., EU, UK and Japan move forward with crypto frameworks.

In the lead-up to a Senate Agriculture Committee hearing next week on a broad crypto market structure bill, lawmakers have submitted multiple amendments targeting ethics and regulatory timing. One proposal from Sen. Michael Bennet would bar top federal officials and members of Congress from certain digital asset transactions, while another from Sen. Amy Klobuchar would postpone the bill's effective date until at least four CFTC commissioners are in place. The amendments also touch on digital asset kiosks and potential conflicts tied to Donald Trump's crypto-related ventures.

A wide-ranging U.S. bill to regulate the cryptocurrency sector could be finalized within weeks, according to Galaxy CEO Michael Novogratz, who argues it does not need to be flawless to proceed. Coinbase CEO Brian Armstrong has withdrawn support from the current draft, warning it would hurt several of the exchange's product lines and stablecoin rewards. Senate Banking Committee efforts to mark up the more than 270-page market structure bill were postponed after dozens of amendments and pushback from industry stakeholders.

The Senate Banking Committee pulled its planned markup and vote on a comprehensive crypto bill after support eroded midweek. Chair Tim Scott announced the postponement Wednesday night; Coinbase withdrew backing, citing treatment of stablecoin yield, tokenized equities and DeFi. A new hearing date has not been set.

On Tuesday, Grayscale filed a registration statement to convert the Grayscale Bittensor Trust (TAO) into a U.S. spot ETF that would trade on NYSE Arca under the ticker GTAO. According to the filing, Coinbase Custody Trust Company LLC and BitGo Trust Company, Inc. would serve as custodians. The move follows Bittensor's first halving in mid-December.

21Shares listed an XRP exchange-traded fund on CBOE under the ticker TOXR. The fund tracks XRP, the fourth-largest cryptocurrency by market capitalization. Coinbase, Anchorage Digital Bank and BitGo will serve as custodians. Other providers including Grayscale, Canary Capital and REX Shares have launched similar products in recent weeks.

BlackRock submitted a registration statement to the U.S. Securities and Exchange Commission for the iShares Staked Ethereum Trust ETF, aiming to provide exposure to ether alongside staking rewards. The filing says the trust will seek to reflect ether’s price performance and staking returns where the sponsor believes this can be done without undue legal or regulatory risk.