Dykema Advises the Pearl Fund on Launch of $500M Tax-Advantaged Bitcoin Opportunity Zone Fund

Dykema congratulates The Pearl Fund on the launch of its groundbreaking $500 million Pearl Bitcoin Fund (Pearl BTC), the first fully SEC-compliant Bitcoin investment vehicle structured to eliminate capital gains taxes through federal Opportunity Zone (OZ) incentives.

Leveraging Dykema’s nationally recognized tax, corporate, and fund formation teams, The Pearl Fund has created a unique investment opportunity for accredited investors: a compliant and secure vehicle for Bitcoin investment that, if held for 10 years, offers complete exemption from capital gains tax. The fund is positioned as a powerful tool for long-term growth and generational wealth building—combining the high-return potential of Bitcoin with the strategic tax advantages of the OZ program.

The Pearl Bitcoin Fund allows investors to roll over eligible capital gains into the fund, deferring taxes until 2026. With a buy-and-hold strategy, institutional-grade custody partners, and monthly withdrawal access, the fund differentiates itself from traditional crypto vehicles. Investors who hold their investment for at least 10 years can exit entirely tax-free under the current OZ law.

In addition to its collaboration with Dykema, The Pearl Fund is also backed by key institutional partners, including Fidelity Investments and Morgan Stanley.