Grayscale withdraws Cardano, Hedera, Polkadot ETF filings

Grayscale withdrew S-1 filings for Cardano, Hedera, and Polkadot ETFs on August 7, 2026, with no intent to proceed. No securities were issued, and no specific reason was provided.

Grayscale withdrew its S-1 registration statements for three planned altcoin ETFs—Cardano, Hedera, and Polkadot—on August 7, 2026. According to SEC records, all filings were accepted within 190 seconds. The withdrawal documents clarified that Grayscale does not intend to proceed with the distribution of shares for these products, and the registration statements had not become effective, with no securities issued or sold. No specific commercial or regulatory reason was provided for the withdrawals. Notably, related exchange listing proposals for these ETFs had already been withdrawn by NYSE Arca and Nasdaq in late 2025. Other Grayscale altcoin ETF applications, including those for Bittensor, Aave, BNB, NEAR, and Zcash, remain in preliminary stages. This move highlights ongoing uncertainty in the altcoin ETF landscape and could influence future proposals and investor sentiment.