# Grayscale altcoin ETF withdrawal > Live situation record from CLSTR: https://clstr.news/situations/grayscale-altcoin-etf-withdrawal > Updated: 2026-08-15T05:05:50.000Z. Sources: 12. Developments: 2. Grayscale Investments has voluntarily withdrawn its SEC registration statements for three proposed altcoin exchange-traded funds (ETFs) covering Cardano (ADA), Polkadot (DOT), and Hedera (HBAR). The company filed Form RW on August 7, stating it “does not intend to proceed with the planned distribution” of the trusts' shares. The withdrawals occurred shortly before Cardano met a regulatory milestone where its CME futures had completed six months of trading, a condition that can simplify the path to a spot ETF under SEC frameworks. While Grayscale has abandoned these specific filings, other issuers such as Bitwise, Canary Capital, VanEck, and 21Shares maintain active filings for Cardano ETFs, with SEC decision windows anticipated around late October 2026. Reports indicate Grayscale's decision follows financial pressures, including a 20 percent revenue decline noted in its IPO filing. The firm remains heavily reliant on its Bitcoin and Ethereum products, which account for 88 percent of its approximately $318.7 million in nine-month revenue. ## Timeline ### 2026-08-15: Grayscale withdraws Cardano, Polkadot, and Hedera ETF registrations Grayscale Investments withdrew its SEC registrations for Cardano, Polkadot, and Hedera ETFs in a rapid 190-second filing sequence, despite Cardano recently meeting eligibility thresholds. 4 sources. https://clstr.news/cluster/grayscale-withdraws-cardano-polkadot-and-hedera-etf-registrations ### 2026-08-09: Grayscale withdraws Cardano, Polkadot, and Hedera ETF filings Grayscale has voluntarily withdrawn SEC filings for Cardano, Polkadot, and Hedera altcoin ETFs, citing a decision not to proceed with the planned share distributions. 10 sources. https://clstr.news/cluster/grayscale-withdraws-registration-for-three-altcoin-etfs --- Cite as: Grayscale altcoin ETF withdrawal. CLSTR, https://clstr.news/situations/grayscale-altcoin-etf-withdrawal