Grayscale has filed a registration statement with the U.S. Securities and Exchange Commission to launch a spot Worldcoin exchange-traded fund. The S-1 filing, dated July 20, 2026, was submitted under the entity name Grayscale Worldcoin ETF and carries file number 333-297570.
The S-1 filing
The document is a standard registration form required for companies planning to offer securities to the public. In this case, the proposed fund would hold Worldcoin directly — a spot ETF structure that tracks the digital asset's price rather than using futures or derivatives. The filing outlines the fund's proposed operations, though specific details on custody, fees, and listing exchange are not yet public.
Grayscale's move comes as the SEC has approved several spot crypto ETFs in recent years, including products tied to Bitcoin and Ethereum. The regulator's stance on newer tokens like Worldcoin remains less clear.
The proposed fund
The Grayscale Worldcoin ETF would give investors exposure to Worldcoin without buying the cryptocurrency themselves. If approved, shares would trade on a national exchange, likely the NYSE or Nasdaq, though the filing does not name a specific venue. The fund would store its Worldcoin holdings with a qualified custodian, a key requirement for SEC approval.
Worldcoin is a digital asset that launched in 2023, aiming to create a global identity and financial network. Its price has been volatile, like many cryptocurrencies, and the ETF would carry those risks.
What happens next
The SEC will now review the filing. The agency can approve it, reject it, or request additional information. The review process typically takes months, and the SEC has no set deadline for a decision on this particular filing. Public comments on the proposal will be accepted once the SEC publishes a notice in the Federal Register.
Grayscale has not announced a target launch date. The filing is the first formal step toward bringing a Worldcoin ETF to market, but regulatory hurdles remain.
