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Grayscale withdraws spot ETF applications for Cardano, Hedera, and Polkadot in a strategic product shift.

Market News
09 Aug 2026
Crypto Briefing
View Source
Neutral
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Grayscale Investments has withdrawn its ETF registration applications for Cardano (ADA), Hedera (HBAR), and Polkadot (DOT) within minutes on August 7, 2026. These withdrawals follow earlier removal of related exchange-listing proposals and indicate a deliberate pruning of lower-priority altcoin products, while Bitcoin and Ethereum ETFs remain unaffected. The move caused no significant market reaction, suggesting investors see it as a focused adjustment rather than a major strategic retreat. Grayscale continues to develop other altcoin ETFs, with some staking products already approved.

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