Grayscale could take Worldcoin to Wall Street after ETF filing with the SEC

The first exchange-traded fund tied to Worldcoin (WLD) could soon be headed to U.S. markets.

On Monday, Grayscale filed with the Securities and Exchange Commission a registration statement for the Grayscale Worldcoin ETF. The fund would hold WLD, the native crypto of the World Network, the firm said in the filing.

"As a passive investment vehicle, the Trust’s investment objective is for the value of the Shares (based on WLD per Share) to reflect the value of WLD held by the Trust, determined by reference to the Index Price, less the Trust’s expenses and other liabilities," Grayscale said in the filing.

If launched, the ETF would trade on The Nasdaq Stock Market LLC under its generic listing standards. The Bank of New York Mellon would serve as transfer agent, while BitGo Bank & Trust, N.A. would act as custodian, according to the filing.

The WLD token has $1.3 billion in market capitalization, making it the 57th largest crypto by market cap, according to The Block's price data.