Bitcoin surges, now hovering below $35,000, around optimism of the SEC approving a spot bitcoin ETF. Currently, BlackRock's (BLK) iShares Bitcoin Trust is listed on the Depository Trust & Clearing Corporation's (DTCC) website. Opimas CEO Octavio Marenzi illustrates how crypto investors may be in for a "bit of disappointment" after enthusiasm has driven bitcoin prices higher. "The difference is really that it's BlackRock behind it, it's the world's largest asset manager," Marenzi tells Yahoo Finance. "There's some sentiment that was going to basically make bitcoin investments sort of legitimate for institutional investors as well. That's something we have been waiting for years and there have been some hedge funds and some investors playing the space, but by and large, most of the long-only funds... [and] large institutional investors have sat by the sidelines and we're expecting them to jump in now." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #Crypto #bitcoin #youtube About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
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