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Patient Capital Management, a U.S.-based asset management firm, has filed with the Securities and Exchange Commission (SEC) to invest up to 15% of its Opportunity Trust Fund in Bitcoin ETFs. The firm, which has assets under management (AUM) totaling $1.7 billion, aims to seek exposure to Bitcoin through this significant allocation. This move comes seven years after the SEC rejected the first Bitcoin ETF, citing it as 'too risky' when Bitcoin was priced at $1,000, potentially protecting investors from 5,000% gains. The filing indicates a growing institutional interest in cryptocurrency investments, marking a significant shift in the perception of Bitcoin's investment viability.
U.S-based asset management firm Patient Capital files to invest up to 15% of its net assets in Bitcoin ETFs. The companyโs filing indicates that it may invest up to 15% of the total assets held by the Patient Capital Management Opportunity Trust fund. The fund holds aroundโฆ https://t.co/dDLI1SnqNT
๐จ Patient Capital Management files to allocate up to 15% of its $1.4 billion Opportunity Trust into Spot #Bitcoin ETFs Every institution wants in on #BTC ๐๐ https://t.co/2W3zncPBP0
NEW: Patient Capital Management files to invest up to 15% of its $1.4 billion Opportunity Trust into spot #Bitcoin ETFs https://t.co/kZ5dk7Bs68
