Grayscale Drops Plans For Cardano, Polkadot and Hedera ETFsAsset manager Grayscale Investments has dropped plans to launch exchange-traded funds (ETFs) that would track the spot price of cryptocurrencies Cardano (CRYPTO: $ADA), Polkadot (CRYPTO: $DOT) and Hedera (CRYPTO: $HBAR). Privately held Grayscale has withdrawn three registrations it had with the U.S. Securities and Exchange Commission (SEC) regarding the proposed crypto ETFs. More From Cryptoprowl:Like its popular Grayscale Bitcoin Trust ETF (GBTC), the Cardano, Polkadot and Hedera ETFs were proposed as passive investment vehicles that would track the spot price of the digital tokens. However, Grayscale has decided against proceeding with the new ETFs due to a prolonged slump in crypto prices. In addition to the Bitcoin Trust, the company also offers Ethereum (CRYPTO: $ETH) and Hyperliquid (CRYPTO: $HYPE) funds.