Cryptocurrency hedge fund Split Capital announces closure, founder transitions to join Plasma

DeepFlowTech · 2026-04-07T12:08:03+00:00

Cryptocurrency hedge fund Split Capital founder Zaheer Ebtikar announces fund closure and joins stablecoin startup Plasma, stating that the closure is not due to poor performance but because the business model of crypto hedge funds is no longer viable. Digital asset ETFs launched by traditional financial institutions have reduced the demand for hedge funds, and the crypto investment sector is facing elimination.

DeepFlowTech

2026-04-07 12:08:03

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Deep Liquidity TechFlow message, April 07, according to Fortune, Zaheer Ebtikar, founder of the crypto hedge fund Split Capital, announced the closure of the fund and officially joined a stablecoin startup, Plasma, as Chief Strategy Officer. Ebtikar said the closure of the fund was not due to poor performance, but because he believes that crypto hedge funds as a business model are no longer viable. Ebtikar noted that digital asset ETFs launched by traditional financial institutions such as BlackRock and Fidelity allow institutional investors to allocate to crypto assets directly through compliant channels, which has led to a sharp decline in demand for crypto hedge funds. At the same time, the crypto venture capital space has also faced a “massive shakeout,” and the prices of mainstream cryptocurrencies such as Bitcoin and Ethereum have fallen by nearly 50% from their 2025 historical highs.

BTC-1.8%

ETH-3.51%

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