Grayscale files S-1 for first US Worldcoin ETF

Summary

Grayscale filed an S-1 for what would be the first US Worldcoin ETF, designed to give investors exposure to the WLD token through an exchange-traded product. The proposed fund would trade on Nasdaq under the ticker GWLD. BitGo Bank & Trust is set to custody WLD, with BNY Mellon as administrator and transfer agent and CSC Delaware Trust Company as trustee. The filing does not yet disclose management fees, seed capital, authorized participants, or liquidity providers. WLD is the native ERC-20 token of World, a biometric identity project founded by Sam Altman that aims to distinguish humans from bots. The ETF would expand Grayscale’s lineup of crypto-related exchange-traded products, which already includes offerings tied to Bitcoin, XRP, Solana, Ether, Dogecoin, and Chainlink.