Grayscale has officially withdrawn its proposed spot ETF registration filings for Cardano (ADA), Hedera (HBAR), and Polkadot (DOT), marking a pause in its plans to expand altcoin investment products. The asset manager submitted Form RW requests to the U.S. SEC, confirming that the S-1 registration statements never became effective and that no ETF shares were issued. While the move is not an SEC rejection, it removes these products from Grayscale's current ETF pipeline. The development may weigh on short-term market sentiment, although it does not rule out the possibility of future filings if regulatory conditions become more favorable.
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