Patient Capital applies to invest 15% of its net assets in spot Bitcoin ETF
In a recent filing with the US Securities and Exchange Commission (SEC), US asset management firm Patient Capital revealed plans to invest its net assets in bitcoin through various spot bitcoin ETFs. The company's filing shows that it may invest up to 15% of the total assets held by the Patient Capital Management Opportunity Trust fund. The fund holds approximately $1.38 billion in assets, with 15% allocated to bitcoin, meaning it could potentially invest up to $207 million in bitcoin. The Opportunity Trust fund may also maintain a risk exposure to BTC for a considerable period of time, as its stated mission is to achieve "long-term excess returns."
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