The Pearl Fund has launched a $500 million Bitcoin investment fund (Pearl BTC) that allows accredited investors to completely eliminate capital gains taxes after holding their Bitcoin investment for 10 years.

“Bitcoin’s biggest problem is capital gains tax. We’ve solved that,” said Brian P. Phillips, Managing Partner at The Pearl Fund and a Forbes-ranked top 10 Opportunity Zone investor.

This fund marks a first in the U.S.—a fully SEC-compliant, institutional-grade Bitcoin vehicle that leverages federal Opportunity Zone (OZ) law to bypass long-term capital gains taxes entirely. Investors who roll over recent capital gains into the Pearl Bitcoin Fund can defer taxes until 2026…

Read more on BitcoinMagazine