Grayscale withdrew its proposed Polkadot ETF by filing with the SEC on August 7, abandoning plans for its Polkadot Trust shares. The DOT token fell below the $0.80 support level that had previously helped contain declines. The SEC did not reject the ETF; Grayscale voluntarily chose to withdraw before any shares were issued. The next key support to watch is around $0.75, where buyers would need to defend to prevent a move toward $0.70.
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