Woofun AI reports that Grayscale has initiated the regulatory process for the first US Worldcoin ETF by filing an S-1 registration statement. This exchange-traded product, designated for listing on Nasdaq under the symbol GWLD, is designed to provide investors with direct exposure to the WLD token.

The operational framework assigns specific roles to established financial service providers. BitGo Bank & Trust will manage custody for the underlying Worldcoin assets, while BNY Mellon serves as both administrator and transfer agent. CSC Delaware Trust Company is appointed as trustee. The preliminary filing omits details regarding management fees, seed investment amounts, authorized participants, and liquidity providers.

Structurally, WLD operates as an ERC-20 token on the Ethereum blockchain. It functions as the native asset for World, a project founded by OpenAI CEO Sam Altman that utilizes biometric verification to distinguish humans from bots.

Woofun AI data shows this identity-focused mechanism underpins the token’s utility within the broader World ecosystem.

This filing expands Grayscale’s existing lineup of 17 crypto-related exchange-traded products. The portfolio already includes funds tracking Bitcoin (BTC), XRP (XRP), Solana (SOL), Ether (ETH), Dogecoin (DOGE), and Chainlink (LINK). The addition of GWLD marks a significant diversification into identity-centric digital assets.