Crypto hedge fund Split Capital shuts down; founders join Plasma as executives
BlockBeats news, on April 7, according to Fortune, the cryptocurrency hedge fund Split Capital has been dissolved, and its founder Zaheer Ebtikar has joined the stablecoin startup Plasma as an executive.
Ebtikar’s decision to shut down Split Capital was not due to poor performance. The founder stated that his return rates were about 100% in 2024 and 20% in 2025. Instead, he believes that crypto hedge funds are no longer a viable business. “The entire crypto hedge fund industry has basically faded out of the picture.”
By the end of 2025, Split Capital will return funds to its investors. Previous supporters of the fund include venture fund Novi Loren and digital asset firm UTXO Management. While Ebtikar declined to disclose the exact amount his company managed, he mentioned that assets under management were at the “eight-figure” level. The fund will continue to operate on a smaller scale, using only proprietary capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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