Redbulls Traders

#grayscalewithdrawsthreealtcoinetffilings — Withdrawals, Not Rejections On Aug 7, Grayscale filed 3 Form RWs to pull its S-1 filings for ADA, HBAR and DOT ETFs — all three were submitted within 190 seconds, no reason given. The SEC didn't reject anything; Grayscale just said it "no longer intends to pursue." 📄 The 3 altcoin filings withdrawn: Grayscale Cardano Trust ETF — $ADA Grayscale Hedera Trust ETF — $HBAR Grayscale Polkadot Trust ETF — $DOT Meanwhile, 5 other Grayscale altcoin ETF filings remain active (incl. BNB, Worldcoin...). This is a voluntary withdrawal (Form RW) — completely different from an SEC rejection — and Grayscale can refile anytime. ⏰ The irony: Just 2 days later (Aug 9), CME ADA futures completed 6 months of trading — the required milestone for ADA to qualify for the fast-track 75-day ETF review window (vs. 240 days), with a decision window around Oct 23. Likely read: Grayscale is clearing stale filings (kept ~11 months) to refile fresh ones under the fast track — though nothing is confirmed. 📊 Market reaction: basically nothing. ADA $0.196 (-1.2%), HBAR $0.0685 (-1.2%), DOT $0.80 (-1.6%) — just tracking the broad tape, no dump. ADA still +5.7% on the week thanks to whales scooping 240M ADA. Why no panic: the race isn't dead — Canary's HBAR ETF is still trading, and Bitwise & Canary still back ADA ETF bids. 🎯 The read: Don't interpret this as "ADA/HBAR/DOT ETF failed." Read it as: issuers are trimming their pipeline after the SEC opened generic listing standards — prioritizing products with real demand (BTC/ETH/XRP/SOL) over shotgun coverage. Watch whether Grayscale refiles ADA after the Aug 9 CME milestone — that's the real signal. This week's price driver remains Wednesday's CPI . ⚠️ Informational only, not financial advice. #BitcoinETFsPost$853MWeeklyInflow #CLARITYActSenateVoteDelayedPastRecess #SaylorHintsStrategyBitcoinBuy #NvidiaToInvest$2BInLancium