Grayscale Files for New Worldcoin ETF

Grayscale has officially filed an S 1 registration statement with the Securities and Exchange Commission to launch a new exchange traded fund focused on Worldcoin. The proposed fund, which would trade on Nasdaq under the ticker GWLD, plans to hold WLD tokens directly. This move marks another step for Grayscale as they look to expand their collection of crypto investment products.

Following the news, the price of WLD moved up about 4.5 percent to trade at 0.37 dollars. While the jump is a positive sign for short term traders, the asset remains in a difficult spot. The current price is still down roughly 97 percent from the highs reached earlier in 2024.

Investors are now looking to see if the SEC approves the filing and whether this new investment vehicle can spark long term demand for the token. With the broader market watching for institutional interest, this development provides a fresh focal point for those following the project closely.