Grayscale Files Worldcoin ETF With SEC as WLD Price Rises 4%

Grayscale has taken another step in expanding its cryptocurrency investment products by filing a registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Worldcoin ETF. The proposed fund, which would trade on the Nasdaq under the ticker GWLD, aims to give institutional and traditional investors regulated exposure to the Worldcoin (WLD) token.

According to the SEC filing, Grayscale intends to launch the ETF under the SEC’s generic listing standards, a framework designed to streamline approvals for eligible crypto exchange-traded funds. The fund will become eligible for trading once the WLD token meets the required listing standards. Grayscale also confirmed that the ETF will support in-kind creations and redemptions, a structure commonly used by spot crypto ETFs to improve operational efficiency.

The filing identifies BitGo as the trust’s custodian, highlighting the company’s role in securely holding the fund’s digital assets. If approved, the product could become the first spot Worldcoin ETF in the United States, further expanding the growing market for crypto investment vehicles.

Grayscale’s latest move follows the continued growth of the crypto ETF sector. It also comes shortly after T. Rowe Priceintroduced the first actively managed crypto ETF, offering exposure to digital assets such as Bitcoin (BTC) and Ethereum (ETH). Grayscale has also been involved in launching other crypto-focused funds, including products tied to Hyperliquid.

The ETF filing helped boost market sentiment around Worldcoin. WLD gained more than 4% over the past day, trading near $0.376, according to TradingView data. Despite the rebound, the token remains down more than 10% over the last week.

The broader cryptocurrency market has also strengthened, with Bitcoin climbing above the $65,000 mark for the first time in weeks despite ongoing geopolitical tensions involving the United States and Iran.

Worldcoin has attracted investor interest due to its connections with the artificial intelligence sector, particularly its association with OpenAI. However, the token has faced selling pressure in recent weeks following reports that OpenAI is unlikely to pursue a public listing this year.