Grayscale Seeks SEC Approval for First U.S. Worldcoin ETF

Grayscale Seeks SEC Approval for First U.S. Worldcoin ETF

The proposed fund would hold WLD tokens directly and seek a Nasdaq listing under the ticker GWLD.
Grayscale chose Nasdaq’s generic listing standards, a route that could shorten the regulatory review process.
The filing highlights regulatory scrutiny surrounding World Network and concentration risks within the token’s supply.
WLD rose following the announcement but remains well below its historical peak.

ETF Would Track Worldcoin Price Directly
According to the S-1 registration statement, the proposed ETF would passively hold Worldcoin (WLD) and track its performance using the CoinDesk Worldcoin Benchmark Rate, excluding fees and expenses. The fund would not use leverage, derivatives or active portfolio management.
If approved, the product would rely on several established financial institutions:

Ticker: GWLD
Exchange: Nasdaq
Custodian: BitGo Bank & Trust
Administrator and transfer agent: BNY Mellon
Trustee: CSC Delaware Trust Company

Grayscale established the underlying Del

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