Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Patient Capital applies to invest 15% of its net assets in spot Bitcoin ETF

Patient Capital applies to invest 15% of its net assets in spot Bitcoin ETF

Cointime2024/03/13 00:52
By: Cointime
BTC-0.96%

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."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitget Onchain trading system upgrade completed
Bitget Announcement2025/09/17 03:33
New spot margin trading pair — ZKC/USDT!
Bitget Announcement2025/09/16 06:28

Trending news

More
1
New spot margin trading pairs — SKY/USDT, ALGO/USDT, MERL/USDT!
2
Bitget Onchain trading system upgrade completed

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,799.16
+0.65%
Ethereum
Ethereum
ETH
$4,496.86
+1.39%
XRP
XRP
XRP
$3.02
-0.21%
Tether USDt
Tether USDt
USDT
$1
+0.02%
BNB
BNB
BNB
$950.43
+2.49%
Solana
Solana
SOL
$234.95
+0.20%
USDC
USDC
USDC
$0.9998
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2653
+1.66%
TRON
TRON
TRX
$0.3403
-0.78%
Cardano
Cardano
ADA
$0.8663
+0.27%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter