According to CoinMeta, Grayscale has withdrawn its registration applications for the Cardano, ADA, Hedera, HBAR, and Polkadot cryptocurrencies with the U.S. Securities and Exchange Commission (SEC). The company stated that it intends not to proceed with the planned distribution. As a result of this, the prices of HBAR, ADA, and DOT have all declined in the past 24 hours. In its application, Grayscale cited Section 477 of the Securities Act of 1933, requesting the withdrawal of the relevant registration statements, amendments, and attachments.