Gate News announcement, on April 7, Zaheer Ebtikar, founder of the crypto hedge fund Split Capital, announced the fund’s closure and officially joined stablecoin startup Plasma as Chief Strategy Officer. Ebtikar said that the fund’s shutdown was not due to poor performance, but because he believes crypto hedge funds as a business model are no longer viable. Ebtikar pointed out that digital asset ETFs launched by traditional financial institutions such as BlackRock and Fidelity allow institutional investors to allocate crypto assets directly through compliant channels, leading to a sharp decline in demand for crypto hedge funds. Meanwhile, the crypto venture capital space has also faced large-scale retrenchment; the prices of major crypto assets such as Bitcoin and Ethereum, which were near the 2025 historical highs, have fallen by nearly 50%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
World ID integrates Zoom and Tinder to strengthen AI-powered identity verification
The “World” iris-scanning project co-founded by OpenAI CEO Sam Altman announced major updates recently. World ID will integrate across multiple platforms to enable real-person digital identity verification, breaking away from the former model that was limited to digital wallets, and strengthening the security of online meetings and signed documents. In addition, World ID has partnered with TInder to offer special discounts to users, and is using Concert Kit to tackle the problem of automated ticket scalpers in the ticketing market.
ChainNewsAbmedia1h ago
SIX Taps Chainlink to Deliver Equities Data Onchain
SIX has integrated Swiss and Spanish equities data onchain via Chainlink's DataLink, enhancing access to over 75 blockchain networks. This allows the use of verified market data in various digital finance products, meeting growing institutional demands for reliable data.
CryptoFrontNews6h ago
Hoskinson Reignites XRP Value Debate as Integration into Cardano DeFi Moves Forward
Charles Hoskinson reignited discussions on XRP's value during his analysis of Midnight's tokenomics on "The O Show." He contrasted Ripple's control of XRP with Midnight's community-driven model, sparking reactions from XRP supporters. Despite tensions, Hoskinson confirmed ongoing efforts to integrate XRP into Cardano's DeFi ecosystem.
GateNews6h ago
Vitalik and Ethereum Foundation Chair Aya Miyaguchi Confirmed to Speak at Hong Kong Ethereum Community Hub Launch
Vitalik Buterin and Aya Miyaguchi will speak at the Hong Kong Ethereum Community Hub opening on April 21. The hub, Asia's first Ethereum-backed space, aims to connect Eastern and Western ecosystems with discussions on key topics like zero-knowledge proofs and AI.
GateNews6h ago
SGB Launches USDC Mint Service on Solana Network
SGB enables instant USDC minting and redemption on Solana, improving cross-border payments with real-time settlement.
Service targets institutions, removing intermediaries and supporting 24/7 liquidity and treasury management.
Expansion plans include more stablecoins and retail access, li
CryptoFrontNews8h ago
KAST Partners With Immunefi to Strengthen DeFi Security Infrastructure
KAST.xyz partnered with Immunefi to enhance security for its stablecoin-based financial platform, integrating advanced monitoring tools to protect users in decentralized finance. This collaboration underscores the importance of robust cybersecurity in fostering trust within the Web3 landscape.
GateNews9h ago
