According to ChainCatcher, as reported by Coinfomania, the Baltimore-based investment consulting firm Patient Capital Management has recently filed documents with the U.S. Securities and Exchange Commission (SEC) to apply for a Bitcoin spot ETF, aiming to invest 15% of the net assets of its managed Opportunity Trust in Bitcoin. Patient Capital Management's Opportunity Trust holds approximately $1.38 billion in assets, which means the fund could potentially invest up to $207 million in Bitcoin. The Opportunity Trust may maintain its Bitcoin investment for a considerable period to achieve "long-term excess returns."It is reported that this is not the first time the fund has invested in Bitcoin. Previously, the fund held Bitcoin through Grayscale's Bitcoin Trust, which has recently converted into a spot Bitcoin ETF.