Grayscale quietly drops Cardano, Polkadot and Hedera ETF plans

Grayscale quietly drops plans to launch Cardano, Polkadot, and Hedera ETFs, stating it no longer intends to proceed with the offerings, with none becoming effective and no securities issued or sold. This decision affects the potential for institutional investment in these cryptocurrencies, potentially impacting their price stability and market capitalization, influencing investor sentiment and overall market dynamics.