POPA ReconSplit Capital Winds Down as Founder Joins Plasma in Stablecoin Pivot
Split Capital Winds Down as Founder Joins Plasma in Stablecoin Pivot Split Capital is shutting down as founder Zaheer Ebtikar exits the hedge fund space, citing a broken model for crypto-focused funds despite over $100B in venture capital flowing into the industry. About. Launched in 2024, Split Capital operated for nearly two years and delivered strong performance, generating over 100% net returns with all investors reportedly in profit. The fund began winding down in late 2025, returning an estimated eight-figure sum to backers. Z. Ebtikar is now joining Plasma as Chief Strategy Officer,…
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