Grayscale drops three crypto ETF applications

• Grayscale withdrew ETF applications for Cardano, Polkadot and Hedera.
• The filings were removed without a public announcement from the company.
• The decision may narrow Grayscale’s current ETF expansion plans.

Grayscale Investments withdrew ETF applications linked to Cardano (CRYPTO:ADA), Polkadot (CRYPTO:DOT) and Hedera (CRYPTO:HBAR).

The withdrawals appeared in regulatory filings and were not accompanied by a public announcement from Grayscale.

The move removed three proposed crypto ETF products from the company’s pending application list.

The filings had sought approval for exchange-traded funds tied to Cardano, Polkadot and Hedera.

Grayscale has not publicly explained why it withdrew the three ETF applications.

The company continues to pursue other cryptocurrency investment products through US regulatory channels.

Crypto ETF issuers have been adjusting their filing strategies as regulators review digital asset investment products.