Grayscale Withdraws Cardano, Hedera, and Polkadot ETF Filings from SEC
On August 7, 2026, Grayscale Investments submitted registration statements for three spot crypto ETFs linked to Cardano's ADA, Hedera's HBAR, and Polkadot's DOT to the SEC. However, the company has since requested the withdrawal of these statements through separate Form RW submissions for the Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF. Grayscale indicated that it will not move forward with share distribution, and none of the statements had taken effect, with no securities issued. This decision comes amid notable drops in the associated tokens: ADA has fallen over 41%, DOT by approximately 54%, and HBAR by around 35% year-to-date. Grayscale is still pursuing other proposed altcoin ETFs.
Key facts
- Grayscale Investments withdrew registration statements for three spot crypto ETFs: Cardano (ADA), Hedera (HBAR), and Polkadot (DOT).
- Withdrawals were submitted to the SEC on August 7, 2026, via Form RW requests.
- The withdrawals were voluntary, not SEC rejections.
- None of the registration statements had become effective; no securities were issued or sold.
- The exchange-listing proposals had already been withdrawn: NYSE Arca withdrew Cardano in September 2025, Nasdaq withdrew Polkadot and Hedera in November 2025.
- Grayscale did not provide a specific reason for the withdrawals.
- ADA is down over 41% year-to-date, DOT roughly 54%, HBAR about 35%.
- Grayscale continues other ETF efforts, including products for Bittensor, Aave, BNB, NEAR, and Zcash.
Entities
Institutions
- Grayscale Investments
- U.S. Securities and Exchange Commission (SEC)
- NYSE Arca
- Nasdaq
- NFT Plazas
Locations
- United States