Crypto Hedge Fund Split Capital to Gradually Shut Down, Founder Joins Plasma as Executive

AirdropBlackHole · 2026-04-07T17:42:54+00:00

Crypto hedge fund Split Capital is shutting down, with founder Zaheer Ebtikar moving to stablecoin startup Plasma as Chief Strategy Officer. Despite strong past returns, the firm sees crypto hedge funds losing relevance as institutional investors prefer traditional financial products for crypto exposure.

AirdropBlackHole

2026-04-07 17:42:54

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Crypto hedge fund Split Capital has announced its gradual shutdown, with founder Zaheer Ebtikar joining stablecoin startup Plasma as Chief Strategy Officer, shifting focus to the stablecoin sector. Zaheer Ebtikar stated that although the fund achieved returns of approximately 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 like Bitcoin spot ETFs, institutional investors are increasingly inclined to gain exposure to crypto assets through traditional financial instruments, diminishing the competitive advantage of hedge funds.

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