Cryptocurrency hedge fund Split Capital will dissolve, with the founder moving to a stablecoin project Plasma as an executive.

SmartContractAuditor · 2026-04-07T12:06:11+00:00

Crypto hedge fund Split Capital announces dissolution, with founder Zaheer Ebtikar transitioning to become Chief Strategy Officer at stablecoin startup Plasma. Despite achieving good returns, the fund believes that traditional financial instruments have weakened the competitive advantage of hedge funds.

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2026-04-07 12:06:11

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Odaily Planet Daily News: Crypto hedge fund Split Capital announced that it will dissolve and gradually shut down. Its founder, Zaheer Ebtikar, disclosed that he has joined stablecoin startup Plasma as Chief Strategy Officer, shifting his focus to the stablecoin track.

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 ineffective. As products such as spot Bitcoin ETFs are launched, institutional investors are more inclined to gain exposure to crypto assets through traditional financial instruments, weakening the hedge fund’s competitive advantage. (Fortune)

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