Based on 528btc, the Pearl Bitcoin Fund has launched for qualified investors, offering a new investment vehicle that aims to exempt long-term Bitcoin capital gains from federal taxes. The fund, led by Forbes-ranked fund manager Brian P. Phillips, utilizes the Opportunity Zone program to defer capital gains tax obligations until 2026 and potentially allow tax-free withdrawals after 10 years of holding. The fund requires a minimum investment of $500,000, follows a 'buy and hold' strategy, and is institutionally custodied by Anchorage Digital.
Pearl Bitcoin Fund Launches, Offering Tax-Free Bitcoin Gains for Qualified Investors
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