Grayscale files for first US Worldcoin ETF on Nasdaq
Grayscale files for first US Worldcoin ETF after submitting an S-1 registration statement, aiming to list the product on Nasdaq under the ticker GWLD. The proposed fund would offer exchange-traded exposure to the WLD token, expanding Grayscale’s crypto lineup beyond Bitcoin and Ether.
Key Takeaways
- Grayscale filed an S-1 for what Cointelegraph calls the first US Worldcoin ETF.
- The Grayscale Worldcoin ETF is intended to list on Nasdaq under the symbol GWLD.
- BitGo would custody WLD; BNY Mellon would act as administrator and transfer agent; CSC Delaware Trust Company would serve as trustee.
- The preliminary prospectus does not yet disclose management fees, seed investment, authorized participants, or liquidity providers.
- The product would join Grayscale’s 17 crypto-related exchange-traded products, including those tracking BTC, ETH, XRP, SOL, DOGE, and LINK.
What did Grayscale file for the Worldcoin ETF?
Crypto asset manager Grayscale on Monday filed an S-1 registration statement for a Worldcoin exchange-traded fund. According to Cointelegraph’s report, the filing is described as the first US Worldcoin ETF.
The filing expands Grayscale’s growing lineup of crypto-related exchange-traded products outside of Bitcoin and Ether. For more market alerts in this space, see BlasterPost’s Fintech & Crypto Alerts coverage.
How would the proposed Worldcoin ETF work?
The preliminary prospectus says the Grayscale Worldcoin ETF is intended to list on the Nasdaq under the symbol GWLD. That structure would give investors a way to gain exposure to the WLD token through an exchange-traded product.
BitGo Bank & Trust would custody the Worldcoin (WLD). BNY Mellon would serve as administrator and transfer agent, while CSC Delaware Trust Company would serve as a trustee.
What is Worldcoin’s WLD token?
WLD is an ERC-20 token built on the Ethereum blockchain. It serves as the native token of World, a project that uses biometric verification to distinguish humans from bots. The project was founded by OpenAI CEO Sam Altman, according to the same report.
Why does a Worldcoin ETF matter for investors?
If listed, the ETF would give investors exchange-traded exposure to WLD and extend Grayscale’s crypto product range beyond Bitcoin and Ether. The proposed Worldcoin ETF adds to 17 crypto-related exchange-traded products already offered by Grayscale.
That roster includes products tracking Bitcoin (BTC), XRP (XRP), Solana (SOL), Ether (ETH), Dogecoin (DOGE), and Chainlink (LINK).
What details are still missing from the S-1?
The filing does not yet disclose details on management fees, seed investment, authorized participants, or liquidity providers. Those commercial and market-structure terms remain outstanding in the preliminary prospectus.
Until an updated filing fills in those gaps, the S-1 marks a registration step rather than a live trading product.