{"id":76614,"date":"2026-08-10T11:14:06","date_gmt":"2026-08-10T11:14:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/grayscale-pulls-three-altcoin-etf-filings-in-just-190-seconds\/"},"modified":"2026-08-10T11:14:06","modified_gmt":"2026-08-10T11:14:06","slug":"grayscale-pulls-three-altcoin-etf-filings-in-just-190-seconds","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/grayscale-pulls-three-altcoin-etf-filings-in-just-190-seconds\/","title":{"rendered":"Grayscale Pulls Three Altcoin ETF Filings in Just 190 Seconds"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Grayscale withdrew Form RW filings for ADA, HBAR and DOT trusts between 4:33 and 4:36 p.m. ET on Aug. 7.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">All 3 Form RW filings contained identical language, with no particular reason stated for the pullback.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Two days earlier, Grayscale analysts had warned that the U.S. risks a crypto exodus without the passing of CLARITY Act.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Three Withdrawals, 190 Seconds Apart<\/h2>\n<p>According to Securities and Exchange Commission (SEC) filings, Grayscale filed three separate Form RW submissions on Aug. 7, <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2083137\/000119312526340384\/dot_rw_08072026.htm\" target=\"_blank\" rel=\"noopener noreferrer\">withdrawing the S-1 registration statements<\/a> for the Grayscale Cardano Trust ETF, the Grayscale Hedera Trust ETF and the Grayscale Polkadot Trust ETF.<\/p>\n<p>The sequence moved fast as the Cardano withdrawal was filed at 4:33:37 p.m. ET, Hedera at 4:34:55 p.m., and Polkadot coming last at 4:36:47 p.m. (basically all three within a 190-second window).<\/p>\n<figure id=\"attachment_838383\" aria-describedby=\"caption-attachment-838383\" style=\"width:1316px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-838383\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>Each filing used identical language, stating that \u201cGrayscale does not intend to proceed with the proposed distribution of shares.\u201d<\/p>\n<p>These are voluntary withdrawal requests filed under SEC Rule 477, not SEC orders rejecting the products. None of the three registration statements had been declared effective, no securities were ever issued or sold, and no preliminary prospectus had been distributed to investors. In layman\u2019s terms, Grayscale walked away before the products ever got close to trading, and the paperwork offers no separate commercial or regulatory justification for why.<\/p>\n<h2>A Reversal From Earlier This Year<\/h2>\n<p>The withdrawals come as a major reversal from Grayscale\u2019s own momentum from earlier this year when<a href=\"https:\/\/news.bitcoin.com\/grayscale-files-for-polkadot-etf-amid-broader-sec-etf-reviews\/\"> the asset manager filed registration forms<\/a> for the Cardano and Polkadot trusts in the spring, positioning both alongside a broader wave of altcoin ETF applications from major issuers.<\/p>\n<p>The underlying exchange listing proposals had already been pulled once before by the exchanges themselves, with NYSE Arca withdrawing its Cardano listing proposal during Sept. last year and Nasdaq withdrawing its Polkadot and Hedera proposals just a couple of months later.<\/p>\n<p>Grayscale has not issued a public statement explaining the decision. Possibilities range from muted investor demand for single-asset ADA, HBAR and DOT products, a strategic decision to concentrate resources on higher-priority filings, to even a broader recalibration of which altcoins Grayscale believes justify a dedicated U.S.-listed vehicle right now.<\/p>\n<h2>Not a Retreat From ETFs Overall<\/h2>\n<p>The withdrawals do not signal that Grayscale is stepping back from crypto ETFs entirely, as the firm has continued to push forward elsewhere, filing a preliminary S-1 for a <a href=\"https:\/\/news.bitcoin.com\/grayscale-worldcoin-etf-s1-filing-wld\/\">Worldcoin ETF<\/a> as recently as July. Similarly, its Hyperliquid Staking ETF launched a couple of months ago, offering the <a href=\"https:\/\/news.bitcoin.com\/grayscale-hyperliquid-staking-etf-hypg-lowest-fee\/\">lowest sponsor fee<\/a> of any U.S.-listed HYPE product on the market.<\/p>\n<p>Also, just two days before the withdrawals, <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/grayscale-warns-us-risks-crypto-exodus-if-clarity-act-fails\/\">Grayscale\u2019s head of research argued<\/a> that the U.S. risks a crypto \u201cexodus\u201d if the CLARITY Act fails to pass the Senate, warning that new investment and startup activity could drift toward friendlier jurisdictions if Washington doesn\u2019t deliver comprehensive market-structure rules.<\/p>\n<p>That Grayscale would simultaneously lobby for a more welcoming U.S. regulatory environment while abandoning three of its own pending U.S. product filings shows just how selective issuers have become about which crypto ETF bets are worth fighting for under current SEC timelines.<\/p>\n<p>For ADA, HBAR and DOT holders hoping for a U.S.-listed spot vehicle, the door isn\u2019t necessarily closed for good since Form RW withdrawals don\u2019t prevent Grayscale or any other issuer from re-filing later if demand or regulatory conditions change.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/finance\/grayscale-withdraws-ada-hbar-dot-etf-190-seconds\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Grayscale withdrew Form RW filings for ADA, HBAR and DOT trusts between 4:33 and 4:36 p.m. ET on Aug. 7. All 3 Form RW filings contained identical language, with no particular reason stated for the pullback. Two days earlier, Grayscale analysts had warned that the U.S. [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76614"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76614"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76615"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}