A First in the US: Grayscale Applies for ETF for Controversial Altcoin!

In the US, spot ETFs have been launched for many altcoins, following Bitcoin and Ethereum.

These altcoins include $XRP, Solana, and HYPE, while an ETF application has also been filed for a very surprising altcoin.

In this context, crypto asset management company Grayscale has filed an application with the SEC to launch the first Worldcoin ETF in the US.

If the application is approved, the fund will be the first ETF to offer direct investment in $WLD on US markets.

According to the S-1 filing submitted to the SEC, the Grayscale Worldcoin ETF will hold $WLD directly. If approved, the fund is planned to be listed on the Nasdaq Exchange under the ticker symbol “GWLD”.

Thus, investors will be able to gain exposure to Worldcoin through a regulated investment product without having to directly buy or hold the $WLD token.

The application states that the fund will follow a passive investment strategy, not using derivatives or leverage, and that custody services will be provided by BitGo Bank & Trust.

The announcement of an ETF application for $WLD has stirred the market and its price. Following the news, the $WLD price rose by approximately 4-5% during the day, and investors began closely monitoring the approval process.

Experts say that a potential approval could accelerate Worldcoin’s adoption by institutional investors.

With this application, the total number of cryptocurrency ETFs managed by Grayscale has risen to 18. Previously, they had ETFs for assets such as Bitcoin (BTC), $XRP, Solana (SOL), Ethereum (ETH), Dogecoin (DOGE), and Chainlink (LINK).

*This is not investment advice.