- Grayscale filed for the first US Worldcoin ETF under ticker GWLD.
- BitGo will custody WLD while BNY Mellon manages administration.
- The fund would provide regulated WLD exposure through Nasdaq if approved.
Grayscale Worldcoin ETF has taken another step toward expanding regulated crypto investment products after the asset manager filed an S-1 registration statement with the US Securities and Exchange Commission. The proposed Grayscale Worldcoin ETF would trade on Nasdaq under the ticker GWLD, giving investors indirect exposure to WLD without purchasing or storing the token directly.
Bloomberg ETF analyst James Seyffart confirmed the filing on X. If approved, the Grayscale Worldcoin ETF would become the first US exchange-traded fund focused on Worldcoin.
Grayscale Worldcoin ETF Structure and Key Custody Details
According to the filing, the Grayscale Worldcoin ETF was established as a Delaware statutory trust on July 10. BitGo Bank and Trust will serve as custodian for the WLD holdings, while BNY Mellon will act as administrator and transfer agent. CSC Delaware Trust Company has been named trustee.
The fund aims to passively track the CoinDesk Worldcoin Benchmark Rate. It will not use leverage, derivatives, or lending strategies. Shares will be created and redeemed in baskets of 10,000 through authorized participants using either cash or in-kind transactions. Management fees and liquidity providers have not yet been disclosed.
Grayscale Worldcoin ETF Expands Growing Crypto Fund Portfolio
The Grayscale Worldcoin ETF joins the firm’s broader push into regulated digital asset products. Grayscale already manages exchange-traded products linked to Bitcoin, Ethereum, Solana, XRP, Dogecoin, and Chainlink.
Worldcoin, developed by Tools for Humanity and co-founded by OpenAI CEO Sam Altman, uses iris-scanning Orb devices to issue digital identities known as World IDs alongside WLD tokens. The project has attracted attention for its identity verification model while also facing regulatory scrutiny over biometric data collection in several jurisdictions.
The filing states that all WLD held by the trust will remain fully segregated and will not be pledged, lent, or used as collateral, reinforcing its passive investment approach.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
