Grayscale Withdraws Cardano, Polkadot and Hedera ETF Filings

Grayscale has withdrawn registration statements for three single-asset ETFs linked to Cardano (ADA), Polkadot (DOT), and Hedera (HBAR), signaling a shift in product priorities rather than a regulatory setback. The Form RW filings show the sponsor does not intend to proceed with the trusts, effective Aug. 7, 2025. The move narrows Grayscale’s ETF pipeline amid a broader retreat from altcoin single-asset funds, with ADA, DOT, and HBAR down significantly year-to-date framework. Grayscale may re-file if conditions improve.