Cryptocurrency hedge fund Split Capital will gradually shut down, with the founder moving to Plasma as an executive.

金色财经_ · 2026-04-07T12:26:51+00:00

Cryptocurrency hedge fund Split Capital announces closure, with founder Zaheer Ebtikar transitioning to Chief Strategy Officer at stablecoin startup Plasma. Although the fund achieved high returns, its business model gradually became ineffective, and institutional investors are more inclined toward traditional financial instruments.

金色财经_

2026-04-07 12:26:51

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Golden Finance reports that the crypto hedge fund Split Capital has announced a gradual shutdown. Its founder, Zaheer Ebtikar, has joined the stablecoin startup Plasma as Chief Strategy Officer, shifting to the stablecoin track for development. Zaheer Ebtikar said that although the fund achieved returns of about 100% and 20% in 2024 and 2025 respectively, it believes the business model of crypto hedge funds is gradually becoming obsolete. With the launch of products such as spot Bitcoin ETFs, institutional investors are increasingly more likely to gain exposure to crypto assets through traditional financial instruments, weakening the hedge fund’s competitive advantage.

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