Crypto ETF issuer Grayscale is seeking to expand its offerings with the launch of a Worldcoin ETF. The asset manager has filed the registration statement for the Fund, which it proposes to list on the Nasdaq. Meanwhile, the WLD price has climbed amid this development.
Grayscale Files Registration Statement For Worldcoin ETF
An SEC filing shows that the asset manager has filed the S-1 for the crypto ETF with the Commission. Grayscale plans to list the Fund on the Nasdaq under the ticker ‘GWLD’ and under the generic listing standards, which enable these crypto ETFs to launch faster.
As such, the Worldcoin ETF will go live once the WLD token satisfies the applicable eligibility requirements under the generic listing standards. Grayscale also revealed that it plans to offer in-kind creations and redemptions for the Fund.
Meanwhile, the crypto ETF issuer named crypto firm BitGo as the Trust’s custodian. The Fund will notably provide a way for institutional investors to gain exposure to the WLD token and could potentially be the first spot WLD ETF in the U.S.
The filing comes less than a week after T. Rowe Price launched the first active crypto ETF, which provides exposure to multiple crypto assets including Bitcoin and Ethereum. The Worldcoin ETF could also join a host of crypto ETFs that have launched, including the Hyperliquid ETFs, for which Grayscale is also an issuer.
WLD Price Climbs Over 4%
The WLD price has climbed over 4% today amid Grayscale’s filing for a Worldcoin ETF. The crypto asset is currently trading at around $0.376, according to TradingView data. However, the token is down over 10% in the past week.
The WLD token is also notably up alongside the broader crypto market, with the Bitcoin price rising above the psychological $65,000 level for the first time in weeks. This comes despite the latest escalation in the U.S.-Iran war.
It is worth noting that Worldcoin has in recent times seen bullish sentiment over its AI ties, specifically its ties to OpenAI. However, the coin has been on a downtrend since reports that the AI company may not go public this year.
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