Grayscale Scraps Three Altcoin ETF Filings

Grayscale has withdrawn its registration statements for three planned U.S. altcoin exchange traded products, ending the current registration process for funds related to Cardano (ADA), Hedera (HBAR) and Polkadot.

The withdrawals were filed through Form RW submissions on August 7, with SEC records showing they were accepted between 4:33:37 p.m. and 4:36:47 p.m. ET, a span of exactly 190 seconds.

Grayscale confirmed that none of the registration statements had become effective and no securities had been issued or sold. The company stated it no longer intends to proceed with the planned distribution of shares under those registration statements.

The withdrawals do not establish that the SEC rejected ADA, HBAR or DOT products, and they do not prevent Grayscale from filing again later. According to SEC records, preliminary registrations for Bittensor, Aave, BNB, NEAR, and Zcash remain in place at different stages.