Grayscale files S-1 for first U.S. Worldcoin ETF

Kiswahili

Grayscale has filed an S-1 registration statement to launch the first U.S. spot ETF for Worldcoin's WLD token on Nasdaq.

The filing marks the asset manager's latest move into cryptocurrency products. It would create the first U.S. ETF linked to the biometric crypto project founded by Sam Altman.

Worldcoin's WLD token rose 8 percent following the announcement. The development adds to Grayscale's existing lineup of crypto exchange-traded funds.

The S-1 filing outlines plans for a fund that would hold WLD directly. No launch date or further details on approvals have been confirmed yet.

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