Grayscale Files for the First US Worldcoin ETF

Grayscale has officially filed an S 1 registration form with the SEC to launch a new Worldcoin ETF. This move shows the asset manager is ready to move beyond just Bitcoin and Ethereum. If approved, it would be the first of its kind in the United States, giving investors a new way to get exposure to the project co founded by Sam Altman.

The filing is part of Grayscale’s larger strategy to offer more specialized crypto products. Worldcoin has gained significant attention for its focus on digital identity and iris scanning technology. By creating an ETF, Grayscale is making it easier for traditional stock market investors to bet on the growth of the project without needing to hold the tokens themselves.

The crypto market will be watching the SEC closely to see how it handles this application. While Bitcoin and Ethereum ETFs are already trading, the regulator has been more cautious with smaller tokens. If this gets the green light, it could open the door for even more altcoin ETFs to hit the market in the near future.