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Crypto hedge fund Split Capital closes after 100%+ returns; founder joins Plasma stablecoin startup.

Market News
07 Apr 2026
Bitcoin
View Source
Bullish
pluang ai news

Zaheer Ebtikar has shut down Split Capital, the crypto hedge fund he launched in January 2024, after delivering over 100% net returns since inception. He cited structural changes in the crypto industry, including $100 billion in venture funding and spot ETFs from BlackRock and Fidelity, which have made the hedge fund model less viable. Ebtikar is now Chief Strategy Officer at Plasma, a stablecoin-focused blockchain startup, where he will lead the launch of a stablecoin-powered neobank app in 2026. This move reflects a shift in crypto from trading to building infrastructure with real-world utility.

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