this depression may last until next year if BAKKT is not launched, since they are not yet licensed, but if BAKKT is launched and some ETF is approved, then it will be the end of that depression. Of course this is just my opinion because I am not an expert and I am not a psychic. Do not take my post as if it were a financial advice
Why do you think Bakkt or an ETF would end the bear market? Traders might pump the price a bit on regulatory approval, but the launch of these markets isn't a guarantee that lots of institutional money is waiting to invest. Institutions are also capable of shorting the regulated markets (assuming they can source the BTC or ETF shares to do so).