On Opening Bid with Yahoo Finance Executive Editor Brian Sozzi, Benchmark Managing Director & Senior Research Analyst Mark Palmer explains how state pension funds in Michigan and Wisconsin have started buying spot bitcoin ETFs. Palmer points out that "you have a lot of under-funded pensions. Bitcoin is a non-correlated asset with a lot of potential upside. So adding a portion of the portfolio in the form of bitcoin makes sense."

For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.

This post was written by Rachael Lewis-Krisky, producer for Opening Bid.