The asset manager's Opportunity Trust Fund has $1.4 billion in AUM.
Patient Capital Management had revised its prospectus to replace Grayscale Bitcoin Trust in a filing with the United States Securities and Exchange Commission (SEC) submitted on March 11. In doing so, it has also modified the risk factors in its prospectus, acknowledging “cryptocurrency regulatory risk” in place of “bitcoin risk.”
The prospectus reads:
This move expands the fund’s investment option to include all BTC ETPs, rather than the Grayscale fund.
