Grayscale Withdraws Cardano, Hedera, and Polkadot ETF Filings

Grayscale Investments has withdrawn its registration filings for three proposed cryptocurrency exchange-traded funds (ETFs) linked to Cardano, Hedera, and Polkadot with the U.S. Securities and Exchange Commission.

The withdrawals affect proposed investment products tied to Cardano's ADA, Hedera's HBAR, and Polkadot's DOT, which have been closely watched by investors hoping for broader access through regulated U.S. exchange-traded products.

The move adds another twist to the rapidly evolving U.S. crypto ETF market, where asset managers are increasingly seeking to bring a wider range of digital assets into traditional investment vehicles.