Prospective Ethereum ETF issuers were given deadlines up until this morning for final 19b-4 forms.

But even if they are approved, trading of these products likely won’t start for weeks, as S-1s also need to be put into effect.

The S-1 registration statements for the ETFs need "a lot of work" and conversations with exchanges have not started.

Form 19b-4 is used by covered self-regulatory organizations (SROs) to record a rule change with the SEC.