Investment company Pearl Fund launched a Bitcoin fund, Pearl Bitcoin Fund, with a scale of $500 million.

Golden Finance reports that the American investment company Pearl Fund has announced the launch of the Pearl Bitcoin Fund, a $500 million Bitcoin fund. It is said that the Pearl Bitcoin Fund will be the first investment fund in the United States that can exempt investors from Capital Gains Tax on Bitcoin investments. Its solution allows investors to obtain tax-free Bitcoin appreciation after a holding period of 10 years. Currently, Bitcoin ETFs do not have this functionality.