Marc Andreessen 🇺🇸

#grayscalewithdrawsthreealtcoinetffilings 🚨 Grayscale has withdrawn its S-1 registrations for three proposed spot altcoin ETFs covering Cardano (ADA), Hedera (HBAR), and Polkadot (DOT). The withdrawals were filed on August 7 through Form RW requests, stating that the registration statements had not become effective and that no shares had been or would be issued under those filings. The move does not necessarily mean Grayscale has abandoned these assets permanently, but it removes three ETF applications from the current approval pipeline. For altcoin investors, the bigger question is whether this signals a more selective approach toward which tokens receive U.S. ETF products. ETF access can bring institutional exposure, so changes in the filing pipeline are worth watching closely. $BMT $LAB