$1.8B Asset Manager Patient Capital Looks To Invest In Bitcoin ETFs, Submits Filing For Approval
Summary
Patient Capital, an asset manager with $1.8 billion AUM, filed with SEC to allocate up to 15% of its funds to Bitcoin ETFs. It shifts focus from Grayscale's Bitcoin Trust to Bitcoin ETFs, citing concerns about auditing standards, regulatory impact, market volatility, and limited liquidity. The filing reflects increased institutional interest in cryptocurrencies but also highlights the risks associated with the cryptocurrency market. Bitcoin is currently trading at $71,500.
