Grayscale Investments has withdrawn its registration filings for three planned spot ETFs tracking Cardano, Polkadot, and Hedera, citing no intention to proceed with their distribution. These ETF proposals had seen no progress for months, with NYSE Arca and Nasdaq pulling their rule-change proposals in late 2025. Despite this, Grayscale continues to support other altcoin funds like XRP, Solana, and Dogecoin, with some registrations still active. The withdrawals highlight ongoing regulatory challenges for altcoin ETFs in the U.S. market.
Major cryptocurrencies saw price declines, with Bitcoin dropping 2.1% to $63,925 and Ethereum falling 2.8% to $1,873.93. Other notable coins like Binance Coin and Solana also declined, reflecting a broad market pullback. Stablecoins remained steady n...
On August 7, Grayscale withdrew its ETF applications for Cardano, Hedera, and Polkadot within just 190 seconds without providing an official reason. This sudden move sparks questions about the future of altcoin ETFs in the U.S., amid possible weak in...
Grayscale Investments has voluntarily withdrawn its registration statements for proposed Cardano, Hedera, and Polkadot exchange-traded funds (ETFs) from the U.S. SEC, ending the current filing process for these products. This move follows earlier wit...
Grayscale Investments withdrew its S-1 registration filings for three altcoin ETFs—Cardano (ADA), Hedera (HBAR), and Polkadot (DOT)—on August 7, 2026, signaling a strategic shift to prioritize more promising products. These ETFs were less advanced in...
Cardano (ADA) has remained near $0.20 following a recent 10% surge but faces potential downward pressure after Grayscale withdrew its Cardano ETF application in an SEC filing. This move removes a key positive catalyst just as the Congressional vote o...
