Grayscale Withdraws Cardano, Polkadot and Hedera ETF Filings

Grayscale has withdrawn three single-asset ETF filings tied to Cardano, Polkadot, and Hedera (HBAR), signaling a shift in product strategy rather than a regulatory setback. The sponsor-initiated withdrawals on Aug. 7 indicate no securities were issued, and the move follows a broader retreat from altcoin ETFs. Hedera-related exposure is reduced as DOT, ADA, and HBAR underperform; Grayscale may re-file later if institutional demand and market conditions improve.