Grayscale has submitted an S-1 registration to launch a spot exchange-traded fund tied to Worldcoin's WLD token, marking the first attempt to offer regulated U.S. exposure to Sam Altman's biometric identity project. News of the filing pushed WLD roughly 8% higher, reflecting investor optimism that institutional access could broaden demand for the token. Worldcoin, which scans users' irises to verify human identity in exchange for cryptocurrency, has drawn both attention and scrutiny over its data practices. If approved by regulators, the Grayscale product would allow investors to gain exposure to WLD through traditional brokerage accounts without directly holding the asset. The filing follows a wave of crypto ETF applications as issuers seek to expand beyond bitcoin and ether into a wider range of digital assets, though approval timelines and regulatory outcomes remain uncertain.
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