Grayscale Pulls Out Cardano, Hedera and Polkadot Trust ETF Filings

Grayscale Investments has withdrawn registration statements for proposed Cardano, Hedera and Polkadot exchange-traded funds, ending the current filing process for all three products.

The asset manager submitted three Form RW requests to the U.S. Securities and Exchange Commission on August 7. The filings sought to withdraw the S-1 registration statements for the Grayscale Cardano Trust, Grayscale Hedera Trust and Grayscale Polkadot Trust.

The withdrawals were voluntary and do not represent SEC rejections. Grayscale said the registration statements never became effective and that no shares were issued or sold under the filings.

The move comes after the related exchange listing proposals for the three products had already been withdrawn. The Cardano listing proposal submitted by NYSE Arca was withdrawn in September 2025, while Nasdaq withdrew the Polkadot and Hedera proposals in November 2025.

Grayscale Withdraws Three Altcoin ETF Registrations

Grayscale used Rule 477 under the Securities Act of 1933 to withdraw the three registration statements. The Cardano filing covered registration statement No. 333-289948, while the Polkadot filing covered No. 333-289949. The Hedera request covered registration statement No. 333-290129.