benzinga.com
World network token jumped on Monday after Grayscale Investments filed to launch the first spot exchange-traded product in the U.S. tracking the cryptocurrency’s price.
New Crypto Entrant on Wall Street
Grayscale submitted an S-1 filing to the SEC to list shares of the Grayscale Worldcoin ETF on the Nasdaq stock exchange under the ticker “GWLD.”
The fund aims to offer exposure to $WLD, the native currency of the World Network, currently valued at $1.36 billion.
World Ecosystem Assets Rally
The ETF filing sent $WLD soaring nearly 8%, with trading volume jumping 11.80% to $180 million over the last 24 hours.
Similarly, shares of Eightco Holdings Inc. ), the world’s largest corporate holder of $WLD, were up 7.05% in pre-market trading.
World is an identity verification project that captures people’s irises to confirm their humanness and build a digital ID, allowing them to receive free $WLD tokens. Tools For Humanity, a tech company co-founded by OpenAI CEO Sam Altman, is the primary developer of the project.
Price Action: At the time of writing, $WLD was exchanging hands at $0.3840, up 7.90% in the last 24 hours, according to data from Benzinga Pro. Year-to-date, it has collapsed 26%.
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