Overview
- Grayscale submitted a registration statement to the U.S. Securities and Exchange Commission to list a spot Worldcoin ETF on Nasdaq under the ticker GWLD, with the filing made on Monday.
- The prospectus says the trust would passively hold WLD, use the CoinDesk Worldcoin Benchmark Rate to value shares, and allow creations and redemptions in 10,000-share baskets using WLD or cash.
- Operational partners named in the filing include BitGo Bank & Trust as custodian, The Bank of New York Mellon as administrator and transfer agent, and CSC Delaware Trust Company as trustee.
- The filing left commercial terms blank, including the management fee, seed capital and WLD-per-share, and it warns that World Network’s iris-based Orb devices, a centralized sequencer and possible securities classification pose material risks to the fund.
- WLD rose roughly 4–4.5% after the filing but remains far below its March 2024 peak; next steps are prospectus amendments and regulatory review by the SEC and Nasdaq that will determine whether the ETF can launch.