Grayscale has filed an S-1 with the SEC for a spot Worldcoin ETF, a passive vehicle that would hold WLD and list on Nasdaq under the ticker GWLD, marking one of the first attempts to wrap the biometric-linked token in a regulated fund.
The registration statement for the Grayscale Worldcoin ETF was filed on July 20, 2026, according to the SEC filing. The underlying trust was formed on July 10, 2026 as a Delaware statutory trust. For related coverage, see Best Crypto Exchanges in Indonesia 2026.
The shares are intended to trade on Nasdaq under the ticker GWLD once applicable listing requirements are met. The document describes the trust as a passive vehicle that holds WLD and references the CoinDesk Worldcoin Benchmark Rate for pricing. For related coverage, see Pakistan Steps Up Crypto Enforcement With Federal Unit.
Creation and redemption of shares happens only in baskets of 10,000 shares, a mechanism authorized participants use to keep the fund’s price aligned with the value of its WLD holdings. The filing names BitGo Bank & Trust, N.A. as custodian, The Bank of New York Mellon as administrator and transfer agent, and CSC Delaware Trust Company as trustee. For related coverage, see Wallet Moves 16 Million ENA From Gnosis Multisig Wallet to Binance.
Why the Worldcoin ETF filing matters beyond the headline
An S-1 begins the SEC registration process but does not mean trading can start. The filing states that the shares would list under Nasdaq Rule 5711(d) only once WLD satisfies the applicable eligibility requirements, leaving a clear conditional gate between paperwork and a live product.
The document also flags risks that competitors largely skipped: regulatory restrictions tied to World Network’s biometric-data collection, and the possibility that WLD could ultimately be deemed a security. Both disclosures shape how quickly, if at all, the fund reaches the market.
The filing describes Worldcoin’s circulating supply as approximately 3.5 billion tokens, giving readers a sense of the scale of the asset the proposed ETF would hold.
The S-1 pegs Worldcoin’s aggregate market value at roughly $1.4 billion, a reference point for the scale of exposure the fund would offer.
In spot markets, WLD traded at about $0.382592 with a market capitalization near $1.36 billion, while the broader Fear and Greed Index sat at 33, a reading in “Fear” territory.
The spot filing follows Grayscale’s wider ETF push, including its move to update BNB ETF filings amid SEC review, and its recent commentary that bitcoin appears attractively priced at current levels.
The filing surfaced quickly through ETF analyst James Seyffart, who flagged the Grayscale S-1 on X on July 20, 2026.
NEW: @Grayscale files for a Worldcoin ETF ethereum:0x163f8c2467924be0ae7b5347228cabf260318753. LOOK INTO THE ORB pic.twitter.com/nhdvVVK2IQ
— James Seyffart (@JSeyff) July 20, 2026
What Southeast Asian traders should watch next
There is no confirmed launch date. The next milestone is progress through the SEC registration process and confirmation that WLD meets Nasdaq’s listing eligibility, both of which remain open.
For Southeast Asian readers, the practical takeaway should be framed cautiously. The biometric-data restrictions and security-classification risk in the filing are the same factors that complicate cross-border adoption narratives around Worldcoin, and they matter for regional access and regulation questions.
Near-term reader impact is more likely to show up in WLD trading interest than in a confirmed ETF debut, especially for those weighing access through regional crypto exchanges. Independent reporting from FXStreet confirmed the filing seeks a spot product with no leverage or derivatives, listing under GWLD.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
