Grayscale Files S-1 for First US Worldcoin ETF
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- Grayscale filed an S-1 registration statement on Monday for the first US Worldcoin ETF, expanding its crypto ETP lineup beyond Bitcoin and Ether
- The proposed fund would list on Nasdaq under the symbol GWLD, with BitGo Bank & Trust as custodian, BNY Mellon as administrator and transfer agent, and CSC Delaware Trust Company as trustee
- The preliminary prospectus does not yet disclose management fees, seed investment, authorized participants, or liquidity providers
- WLD is an ERC-20 token built on Ethereum and serves as the native token of World, a biometric verification project co-founded by OpenAI CEO Sam Altman
- The Worldcoin ETF would bring Grayscale's crypto-related ETP count to 18, joining existing products tracking BTC, XRP, SOL, ETH, DOGE and LINK
Why it matters: Grayscale's filing marks the first US ETF attempt tied to Worldcoin, a token linked to Sam Altman's biometric identity project, extending regulated crypto ETP access beyond BTC and ETH to an altcoin with a controversial eyeball-scanning origin story. The lack of disclosed fees or seed investors signals the filing is still early-stage and far from approval.
