Briefium Intelligence Dispatch
Grayscale Withdraws Cardano, Polkadot, and Hedera ETF Filings
August 21, 2026 at 5:32 AM UTC•2d ago
Grayscale has withdrawn registration statements for three single-asset ETFs tied to Cardano (ADA), Polkadot (DOT), and Hedera (HBAR), signaling a shift in product priorities. The sponsor initiated the withdrawals under Rule 477, with no securities issued yet. The move highlights waning demand for altcoin ETFs amid a broader market retreat: ADA (-41%), DOT (-54%), and HBAR (-35%) year-to-date. Grayscale may re-file if conditions improve, narrowing its future ETF pipeline.
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