Ether and Uniswap Advance on Regulatory Actions: CoinDesk Index Market Update

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad-based CoinDesk Market Index (CMI).

Ether (ETH) has gained more than 20% this week, buoyed first by rumors and then news that the SEC is working to approve a spot listing for the ETH ETF.

Uniswap (UNI) added 21% with its response this week to Wells’ notice from U.S. regulators.

Underperforming large-cap assets included Ripple (XRP), Cardano (ADA) and ChainLink (LINK), not to mention Bitcoin (BTC), which gave up early gains to end the week slightly higher.

CoinDesk 20 tracks major digital assets and can be invested on multiple platforms. The broader CMI covers approximately 180 tokens and seven cryptocurrency sectors: currency, smart contract platforms, DeFi, culture and entertainment, IT and digital.