Grayscale Withdraws ADA, HBAR, DOT ETF Filings Amid Strategic Shift

Grayscale Investments has withdrawn its registration statements for proposed Cardano (ADA), Hedera (HBAR), and Polkadot (DOT) exchange-traded funds (ETFs) from the U.S. SEC, effectively ending their current filing process.

This move follows earlier withdrawals of related exchange listing proposals by NYSE Arca and Nasdaq, and Grayscale may file again in the future if it sees a better opportunity for these products.

No shares were issued or sold under these filings, and the withdrawals do not indicate SEC rejection. However, investors can still access Cardano exposure through other Grayscale funds like the Crypto 5 ETF and Smart Contract Fund.