Grayscale Files for First US Worldcoin ETF on Nasdaq
Quick Look
Crypto asset manager Grayscale has filed an S-1 registration statement for the first US Worldcoin ETF, aiming to list on Nasdaq under the symbol GWLD, offering investors exposure to the WLD token.
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Why It Matters
Grayscale, a major crypto asset manager, has filed for a new exchange-traded product to provide investors with exposure to the Worldcoin (WLD) token. Worldcoin is a project founded by OpenAI CEO Sam Altman, utilizing biometric verification.
Crypto asset manager Grayscale on Monday filed an S-1 registration statement for the first US Worldcoin ETF, which would give investors a way to gain exposure to the WLD token through an exchange-traded product.
According to the preliminary prospectus, the Grayscale Worldcoin ETF is intended to list on the Nasdaq under the symbol GWLD.
BitGo Bank & Trust would custody the Worldcoin (WLD), while BNY Mellon would serve as administrator and transfer agent. CSC Delaware Trust Company would serve as a trustee.
The filing does not yet disclose details on management fees, seed investment, authorized participants or liquidity providers.
WLD is an ERC-20 token built on the Ethereum blockchain that serves as the native token of World, a project that uses biometric verification to distinguish humans from bots, which was founded by OpenAI CEO Sam Altman.
The proposed Worldcoin ETF adds to 17 crypto-related exchange-traded products offered by Grayscale, including those tracking Bitcoin (BTC), XRP (XRP), Solana (SOL), Ether (ETH), Dogecoin (DOGE) and Chainlink (LINK).
Open Questions
- What will be the management fees for the ETF?
- What is the seed investment amount?
- Who are the authorized participants and liquidity providers?
