[Crypto Hedge Fund Split Capital to Dissolve, Founder Joins Stablecoin Project Plasma as Executive] Odaily Planet Daily News: Crypto hedge fund Split Capital has announced its dissolution and gradual shutdown. Its founder, Zaheer Ebtikar, disclosed that he has joined the stablecoin startup Plasma as Chief Strategy Officer, shifting focus to the stablecoin sector. Zaheer Ebtikar stated that although the fund achieved approximately 100% and 20% returns in 2024 and 2025 respectively, he believes the business model of crypto hedge funds is gradually becoming obsolete. With the launch of products like Bitcoin spot ETFs, institutional investors are increasingly inclined to gain exposure to crypto assets through traditional financial instruments, weakening the competitive edge of hedge funds. (Fortune)