Zaheer Ebtikar, founder of the digital assets hedge fund Split Capital, is winding down the firm as he transitions into the stablecoin sector, joining Plasma, a startup focused on stablecoins, as chief strategy officer, according to a report by Fortune.
Split Capital, launched in January 2024 during a crypto boom, delivered strong returns – roughly 100% in 2024 and 20% in 2025 – but Ebtikar said the crypto hedge fund model is no longer sustainable. In late 2025, the firm returned capital to inve...
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