Grayscale files for first U.S. spot Worldcoin ETF with SEC, using BitGo as custodian and BNY Mellon as transfer agent.
Regulation & Gov ·
Grayscale has filed an S-1 registration statement with the SEC for a spot Worldcoin (WLD) ETF intended to list on Nasdaq. The filing names BitGo as the custodian and BNY Mellon as the transfer agent for the product. If approved, the fund would become the first U.S.-listed investment product directly tracking Worldcoin's price.
The move signals institutional infrastructure readiness around Worldcoin, a token tied to a biometric identity protocol. A regulatory greenlight would establish a regulated on-ramp for qualified and retail investors seeking exposure to WLD without direct token custody or exchange account setup. The SEC approval process for spot crypto ETFs has accelerated in recent years, though the outcome remains subject to the agency's review.
Key open questions include the timeline for SEC comment and approval, whether the regulator will raise concerns specific to Worldcoin's identity mechanisms or governance, and whether competing issuers will file similar proposals. No approval date has been announced.