Grayscale has filed a registration statement with the US Securities and Exchange Commission to launch an exchange traded fund that would hold Worldcoin’s WLD token directly.
The proposed Grayscale Worldcoin ETF would seek to list on Nasdaq under the ticker GWLD. Its shares would track the value of the WLD held by the trust using the CoinDesk Worldcoin Benchmark Rate, minus fees and other expenses.
Grayscale has not yet disclosed the fund’s management fee, initial seed investment or the amount of WLD represented by each share. Those fields were left blank in the prospectus and are expected to be completed through later amendments.
The fund would issue and redeem shares through blocks of 10,000 shares known as baskets. Authorized participants could create or redeem baskets using WLD directly or submit cash orders facilitated by liquidity providers.
BitGo Bank & Trust would custody the fund’s WLD holdings. The Bank of New York Mellon would serve as administrator and transfer agent, while CSC Delaware Trust Company would act as trustee.
