Grayscale launches the process of creating an ETF based on WLD: a new step toward institutional recognition of Worldcoin
Grayscale, one of the largest digital asset managers, has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on the WLD token of the Worldcoin network. This move marks another stage in the integration of altcoins into traditional financial instruments.
The new product, named the Grayscale Worldcoin ETF, is planned to be listed on the Nasdaq exchange under the ticker GWLD. The fund will directly hold WLD tokens and track their market value minus operating expenses. If approved by the SEC, this would become the first Worldcoin-based ETF in the United States, potentially opening access to this asset for a wide range of institutional investors.
Market Context and WLD Prospects
As of July 21, WLD's market capitalization was estimated at approximately $1.3 billion, placing it 57th among all crypto assets. Despite relatively modest figures compared to market leaders, Grayscale's initiative underscores growing interest in projects related to decentralized identity and biometric data — key areas of Web3 development.
From my perspective, this move by Grayscale is not just another ETF application. It is a signal to the market that even controversial projects like Worldcoin can gain access to institutional money if they meet liquidity and infrastructure requirements. However, it is important to remember that the SEC has previously shown skepticism toward altcoin ETFs, and approval is far from guaranteed. Investors should closely monitor developments, as any regulatory verdict will directly impact WLD's dynamics.