Crypto asset manager Grayscale Investments has informed the U.S. Securities and Exchange Commission (SEC) that it no longer intends to proceed with the planned distribution of shares for exchange-traded funds tied to Cardano’s ADA, Polkadot’s DOT, and Hedera’s HBAR. The company withdrew three separate registration statements, noting that none of the offerings became effective and no securities were issued or sold. The withdrawals were initiated by Grayscale and were not SEC rejections.