Grayscale Files S-1 for Worldcoin ETF, GWLD Pops on Filing

Grayscale has filed an S-1 registration statement with the SEC for a Worldcoin exchange-traded fund (ETF) that would trade on Nasdaq under the ticker GWLD. The move comes as WLD, the native asset of the World Network project, jumped roughly 4.5% to $0.37 following the filing.

The proposed Grayscale Worldcoin ETF would hold WLD tokens directly and track their value using the CoinDesk Worldcoin Benchmark Rate, less the trust's fees and expenses. This would give traditional brokerage investors direct price exposure without managing private keys or using a crypto exchange.

Grayscale filed the product under Nasdaq's generic listing standards rather than seeking a bespoke rule change, a pathway that has shortened approval timelines for several crypto ETFs over the past year. The company has not yet disclosed the fund's management fee, its initial seed investment, or how much WLD each share would represent.