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.
Related: Grayscale plans regular cash payouts from ETH, SOL staking rewards
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).
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Read More
Cointelegraph by Felix Ng