Grayscale Drops ADA, HBAR and DOT ETF Filings

Grayscale Investments has decided to pull registration filings for its proposed Cardano, Hedera, and Polkadot ETFs. These plans had been in motion since early 2025 for the asset manager, which currently handles roughly 45 billion dollars in assets under management. The sudden removal of these filings comes just ahead of the date when CME regulated Cardano futures reach six months of active trading on August 9.

This decision marks a major shift for Grayscale as the company pauses its expansion into these specific altcoin investment products. Market observers are watching closely to see how regulators and issuers handle multi asset and single asset products moving forward. While futures markets continue to mature, spot products face hurdles that issuers are still trying to clear.

Traders should monitor how Cardano, Hedera, and Polkadot react to this news in the spot market. Regulatory clarity remains a key driver for crypto investment products in the United States. We will keep tracking updates from Grayscale and other fund managers as filing strategies shift through the rest of the year.