There are likely less than 30 days left until Bloomberg Terminal's inevitable leap into the traditional financial world offers digital money proponents a path to salvation after FTX.
That's the bullish narrative in the virtual currency space as the clock ticks down to January 10 – when US regulators must finally decide whether to green light a physically backed Bitcoin ETF. At that point, the Securities and Exchange Commission must either accept or reject an application from Cathie Wood's ARK Investment and 21Shares, which were the first to apply in this year's group of applicants. It could also decide on other similar applications at this time. More than 10 companies are working to get the green light for these ETFs that would directly hold Bitcoin.
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