Grayscale, an asset manager, has announced that it will no longer pursue plans to launch exchange-traded funds (ETFs) based on Cardano, Polkadot, and Hedera, as reported by CoinDesk.
The decision means that none of these offerings will become effective, and no securities were issued or sold as a result of the terminated plans.
Grayscale's decision to drop these ETF plans does not affect other existing products or services offered by the company.