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Grayscale has submitted a registration application for the Grayscale Worldcoin ETF to the US Securities and Exchange Commission, intending to launch the first ETF linked to Worldcoin (WLD). The fund will directly hold the World Network native token WLD and track its value through passive investment. If approved for launch, the ETF will be traded on NASDAQ. Bank of New York Mellon intends to serve as the transfer agent, while BitGo Bank&Trust intends to serve as the asset custodian. The current market value of WLD is approximately 1.3 billion US dollars. Worldcoin was later renamed World and co founded by OpenAI CEO Altman.