Key facts
- Grayscale has filed an S-1 registration statement with the SEC for a Worldcoin ETF.
- The ETF is intended to be listed on the Nasdaq under the ticker 'GWLD'.
- BitGo has been appointed as the custodian for the Worldcoin ETF.
- The Worldcoin ETF aims to provide investors exposure to the WLD token.
Crypto asset manager Grayscale has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed Worldcoin ETF. The asset manager intends to list the fund on the Nasdaq under the ticker 'GWLD', utilizing generic listing standards that could expedite its launch, provided the WLD token meets eligibility requirements.
BitGo has been appointed as the custodian for the Worldcoin ETF. This filing marks a potential entry for the first spot WLD ETF in the United States, offering institutional investors a regulated avenue to gain exposure to the WLD token. The proposed Worldcoin ETF adds to Grayscale's existing lineup of 17 crypto-related exchange-traded products.
In reaction to the news, the price of the WLD token climbed over 4%, trading around $0.376. This increase occurred alongside a broader crypto market rally, with Bitcoin surpassing the $65,000 mark. Worldcoin is an ERC-20 token built on the Ethereum blockchain, founded by OpenAI CEO Sam Altman.