Grayscale withdrew 3 ETF filings after filing Form RW with the SEC on August 7.
The S-1 registrations for the ADA, HBAR, and DOT ETFs were withdrawn.
On August 7, 2026, Grayscale Investments filed three Form RW submissions with the SEC. It withdrew the S-1 registration statements for the Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF, all within minutes of each other.
The Cardano and Polkadot registrations dated back to August 29, 2025. The Hedera filing dated back to September 9, 2025. All three were pulled with identical language across each Form RW.
Moreover, ADA, HBAR, and DOT sit a tier below Bitcoin and Ethereum in the ETF race, and a tier below the next wave of assets drawing serious filing activity, including Solana, XRP, and Litecoin.
Spot BTC and ETH funds already trade with billions in assets. These tokens mentioned above were further back in that queue, representing bets on demand that has not clearly materialis
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