{"id":95997,"date":"2026-04-07T21:55:07","date_gmt":"2026-04-07T18:55:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95997"},"modified":"2026-04-07T22:00:16","modified_gmt":"2026-04-07T19:00:16","slug":"founder-of-split-capital-hedge-fund-model-obsolete-for-crypto-market","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/founder-of-split-capital-hedge-fund-model-obsolete-for-crypto-market\/","title":{"rendered":"Founder of Split Capital: Hedge Fund Model Obsolete for Crypto Market"},"content":{"rendered":"<p>Crypto investor Zaheer Ebtikar announced the closure of his hedge fund, Split Capital, citing the inefficiency of this business model for the digital asset industry.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/YQu55Ky5cd\">https:\/\/t.co\/YQu55Ky5cd<\/a><\/p>\n<p>\u2014 Zaheer (@SplitCapital) <a href=\"https:\/\/twitter.com\/SplitCapital\/status\/2041491129955172482?ref_src=twsrc%5Etfw\">April 7, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, Split Capital, founded in 2024, was profitable throughout its existence, achieving a net return of 100%.<\/p>\n<p>Despite the fund being &#8220;one of the best by all metrics,&#8221; Ebtikar decided to close the business, as such a structure &#8220;does not make sense for the crypto industry in the long term.&#8221;<\/p>\n<p>Unlike traditional assets, the crypto sector:<\/p>\n<ul class=\"wp-block-list\">\n<li>is rapidly changing and fragmented;<\/li>\n<li>depends on tokenomics and network effects;<\/li>\n<li>combines venture and public markets in one environment.<\/li>\n<\/ul>\n<p>The number of quality projects is decreasing, and many crypto companies are merely simulating business, he added.<\/p>\n<p>The primary option for long-term investments has effectively become the liquid token market. Most investments are aimed at quick profits rather than supporting functional and viable products, Ebtikar believes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;After more than $100 billion in venture funding and six years of euphoria, we have returned to a humbling starting point. Investors, operators, and traders are asking the same question: &#8216;What will the future be and where is the value?'&#8221; stated the founder of Split Capital.<\/p>\n<\/blockquote>\n<p>Ebtikar decided to focus on participating in the stablecoin settlement project <a href=\"https:\/\/forklog.com\/en\/news\/blockchain-for-the-people-or-a-gift-to-venture-capital\">Plasma<\/a>, being one of the early team members. He will take on the role of strategic director of the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-ethereum-virtual-machine-evm\">EVM<\/a>-compatible L1 platform operator.<\/p>\n<p>The investor described the &#8220;stablecoin&#8221; sector and Plasma as a &#8220;new era&#8221; capable of scaling to meet the demand for &#8220;trillions of dollars in settlements&#8221; through integration with traditional financial systems.<\/p>\n<p>Earlier in March, Sami Start, founder of infrastructure provider Transak, <a href=\"https:\/\/forklog.com\/en\/news\/transak-founder-venture-funds-alter-crypto-startup-financing-rules\">noted<\/a> that venture funds have become more selective and reduced the number of deals in the crypto industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto investor Zaheer Ebtikar announced the closure of his hedge fund, Split Capital, citing the inefficiency of this business model for the digital asset industry.<\/p>\n","protected":false},"author":1,"featured_media":95998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Crypto investor Zaheer Ebtikar announced the closure of his hedge fund, Split Capital.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1285,52,1138],"class_list":["post-95997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-funds","tag-investments","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"5","promo_type":"1","layout_type":"1","short_excerpt":"Crypto investor Zaheer Ebtikar announced the closure of his hedge fund, Split Capital.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95997"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95997\/revisions"}],"predecessor-version":[{"id":95999,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95997\/revisions\/95999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95998"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}