CoinDesk·3 min read·medium
Grayscale quietly drops Cardano, Polkadot and Hedera ETF plans
F
Francisco Rodrigues
✦AI Summary
Grayscale Investments has officially withdrawn its applications for ETFs tracking Cardano, Polkadot, and Hedera. The decision follows significant market value declines for these tokens and was initiated by the firm rather than the SEC.
Through three separate requests with the regulator, Grayscale told the SEC it “does not intend to proceed with the planned distribution” of the shares of each trust.
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