Grayscale Seeks SEC Approval for First U.S. ETF Linked to Worldcoin's WLD
AI Market Summary
Grayscale's SEC filing for the first US ETF directly holding Worldcoin (WLD) signals a bid to broaden regulated access to the token via a Nasdaq-listed vehicle, with BitGo as custodian and BNY Mellon as transfer agent. While approval is uncertain, the application can improve institutional visibility and liquidity expectations for WLD and reinforces the broader trend of ETF-style wrappers expanding beyond major cryptoassets.
Impact level
● Medium
Affected assets
WLD/USDT+3.65%
AI Insight · WLD/USDTAI Insight
▲ Bullish
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Grayscale has submitted a filing with the U.S. Securities and Exchange Commission to launch what would be the first exchange-traded fund in the United States tied to Worldcoin's $WLD token.
According to the filing, the proposed ETF would passively hold WLD and aim to track the token's market price, net of fees and expenses. If cleared by regulators, the product would list on Nasdaq. BitGo is named as custodian, and BNY Mellon would serve as transfer agent.
The move underscores Grayscale's continued effort to broaden its suite of crypto investment offerings.
Source: The Block
