BlockBeats News, April 7th, according to Fortune report, cryptocurrency hedge fund Split Capital has dissolved, with its founder Zaheer Ebtikar joining stablecoin startup Plasma as an executive.
Ebtikar’s decision to close Split Capital was not due to poor performance. The founder stated that the fund had a return of about 100% in 2024 and 20% in 2025. Instead, he believes that the cryptocurrency hedge fund is no longer a viable business. “The entire cryptocurrency hedge fund industry has basically dwindled out of the game.”
By the end of 2025, Split Capital returned the funds to investors. The fund’s previous backers included venture fund Novi Loren and digital asset firm UTXO Management. While Ebtikar declined to disclose the specific amount his firm managed, he mentioned that the asset under management was at an “eight-figure” level. The fund will continue to operate on a smaller scale, using only proprietary capital.
