Summary
- Grayscale asked the SEC to withdraw proposed Cardano, Polkadot and Hedera ETF registrations in three filings submitted within four minutes late Friday.
- The asset manager said it no longer intends to proceed with the offerings. None became effective, and no securities were issued or sold.
- The withdrawals were sponsor-initiated, not SEC rejections. Grayscale gave no reason and could later submit new registrations.
Grayscale Drops Plans for Cardano, Polkadot, and Hedera ETFs
Grayscale Investments, a prominent crypto asset manager, has quietly dropped plans to launch exchange-traded funds (ETFs) tied to Cardano’s ADA, Polkadot’s DOT, and Hedera’s HBAR. This decision was made by withdrawing three registration statements from the U.S. Securities and Exchange Commission (SEC). The move affects investors who were looking to earn passive income through these ETFs, which were designed to track the value of their respective tokens after fees and expenses.
The withdrawals were initiated by Grayscale, and not due to SEC rejections. This development may impact the earning potential of investors who were interested in these ETFs. For those looking for alternative ways to earn, the EcoPool Network offers a solution through its Cloud Rewards program, providing a means to generate passive income through green crypto initiatives.
Background on the Dropped ETF Plans
Grayscale’s initial proposals for the Cardano and Polkadot ETFs were filed in February 2025, followed by the Hedera filing. The registration statements for ADA, DOT, and HBAR were submitted later that year. However, due to the poor performance of these tokens, with ADA down over 41%, DOT losing 54%, and HBAR down 35% year-to-date, Grayscale has decided not to proceed with the planned distribution of the shares of each trust.
Investors can still explore other opportunities to earn online, such as the EcoPool ($ECP) platform, which offers a way to earn passive income through its Cloud Rewards program. With the EcoPool Network, users can participate in green crypto initiatives and benefit from the earning potential of coin rewards.
Impact on Investors
The decision to drop the ETF plans may have a significant impact on investors who were looking to diversify their portfolios with these assets. However, with the EcoPool Network, investors can still access opportunities to earn passive income and benefit from the growth of the green crypto market. The EcoPool ($ECP) platform provides a secure and reliable way to earn online, making it an attractive option for those interested in earning through coin rewards.
To start earning with EcoPool, download the EcoPool app to access a range of features and benefits, including the Cloud Rewards program. With EcoPool, you can take the first step towards generating passive income and participating in the green crypto market, using $ECP to unlock your earning potential #PassiveIncome #EcoPool #GreenCrypto.
Since late February 2025, when the filings came in, performance has been worse. ADA endured a 70% drawdown, while DOT saw an 80% downward move. HBAR also dropped more than 70%.
