I heard talks of FASB looking into approving fair accounting practices quite awhile ago, long before the current wave of BTC ETF applications. https://www.fasb.org/Page/ProjectPage?metadata=fasb-Accounting-for-and-Disclosure-of-Crypto-Assets

I wonder about the timing.  Did the wave of upcoming ETFs encourage FASB to change their position.

Wumbo

Interesting -- this is probably one of those things that's way more important than it seems.  Public companies have _so much pressure_ not to show things that look like losses, and do an ungodly amount of bullshit behind-the-scenes (and yet legal) gymnastics to give the appearance that things are great, even when they're not.

This could really matter.