Grayscale Wants a Worldcoin ETF, but WLD Is Down 97% From Its Peak
Grayscale filed with the SEC on July 20 for a spot Worldcoin (WLD) exchange-traded fund. The fund would commerce on Nasdaq beneath the ticker GWLD.
Bloomberg ETF analyst James Seyffart confirmed the submitting on X. The twist is that Grayscale’s personal paperwork spells out why WLD is such a dangerous wager.
What the Grayscale Worldcoin ETF Filing Says
The SEC filing exhibits Grayscale moved quick. It shaped the belief on July 10 and filed simply 10 days later. BitGo will maintain the WLD, and BNY Mellon will run the fund’s books.
Follow us on X to get the newest information because it occurs
Grayscale is aware of this path properly. Its Bitcoin Trust turned a spot ETF in January 2024 after the agency beat the SEC in courtroom. Solana and Dogecoin funds adopted in late 2025.
Some particulars are nonetheless lacking. The payment is clean, and no buying and selling companions are named but.
The Risks Grayscale Itself Lists
Worldcoin verifies people by scanning their eyes with a system known as the Orb. The submitting admits regulators pushed again laborious. Spain, Portugal, Germany, Hong Kong, Brazil, Kenya, and Indonesia all took motion between 2024 and 2025.
The token math appears to be like tough too. The 100 largest wallets maintain about 90% of circulating WLD. Team and investor tokens hold unlocking till round July 2028.
Then there’s the worth. WLD trades near $0.375, up 3.3% on the day. That remains to be about 97% under its March 2024 peak of $11.74.
A June treasury purchase gave the token a transient carry. Meanwhile, Tools for Humanity layoffs on the challenge’s lead developer dragged it again down.
GWLD can not commerce till the SEC indicators off and Nasdaq clears the itemizing. Easier entry might assist, but WLD’s path forward doubtless hinges on these token unlocks.
The submit Grayscale Wants a Worldcoin ETF, but WLD Is Down 97% From Its Peak appeared first on BeInCrypto.
