🔗 Crypto & Blockchain

Split Capital Founder Bails on Hedge Fund for Thiel's Stablecoin Gamble

Crypto hedge funds were supposed to thrive in the bull market. Instead, one's top performer is calling it quits — founder heading to a stablecoin startup backed by Peter Thiel.

Fintech Dose Apr 07, 2026 4 min read
Zaheer Ebtikar X post announcing Split Capital shutdown and Plasma move

⚡ Key Takeaways

  • Split Capital delivered 100%+ returns but shut down as founder Zaheer Ebtikar sees no future in crypto hedge funds. 𝕏
  • Ebtikar joins Plasma, a Thiel-backed stablecoin infrastructure firm, betting on a shift from speculation to building. 𝕏
  • Signals crypto's evolution: less trading frenzy, more focus on long-term value — but regulatory risks loom. 𝕏
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Fintech Dose

Markets. Money. Innovation.

#Plasma stablecoin #Split Capital #Zaheer Ebtikar #crypto hedge funds

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Originally reported by Cointelegraph

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