Grayscale Files ETF Application for Worldcoin

Grayscale has submitted a spot ETF application for Worldcoin. This application was made with an S-1 registration filing to the U.S. Securities and Exchange Commission (SEC). If approved, the fund will be listed on Nasdaq under the ticker symbol GWLD and will be the first spot ETF directly based on Worldcoin in the U.S. The ETF aims to track WLD price movements and provide investors access to Worldcoin through a regulated exchange product. BitGo Bank & Trust will provide custody services for the fund, while BNY Mellon will act as the fund's manager and transfer agent, and CSC Delaware Trust Company will serve as the trustee. The application plans to use a creation and redemption model that allows fund shares to be created and redeemed using WLD instead of cash.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.