[Crypto Hedge Fund Split Capital Dissolves, Founder Joins Plasma as Executive] BlockBeats News, April 7, according to Fortune, the cryptocurrency hedge fund Split Capital has dissolved, and its founder Zaheer Ebtikar has joined the 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 achieved returns of approximately 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 essentially faded out.' By the end of 2025, Split Capital returned funds to its 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 of assets under management, he mentioned that the scale was in the 'eight-figure' range. The fund will continue to operate on a smaller scale, using only proprietary capital.