Patient Capital Management plans to allocate up to 15% of assets to Bitcoin ETFs

BlockBeats news, on March 13, Patient Capital Management, an asset management company in Baltimore, stated in a recent filing with the U.S. Securities and Exchange Commission (SEC) that it planned to invest up to 15% of its net assets in various spot Bitcoin ETFs. . The Patient Capital Management Opportunities Trust, managed by the firm, holds approximately $1.38 billion in assets, meaning the fund could have up to $207 million invested in Bitcoin. In its mission statement, the fund stated that it will remain invested in Bitcoin for a substantial period of time in order to achieve "long-term outperformance." This document update shows that this is not the fund’s first investment in Bitcoin. The fund has previously held Bitcoin through Grayscale’s Bitcoin Trust, which recently converted into a spot Bitcoin ETF.