SkyBridge Opportunity Fund Faces Losses for Two Consecutive Quarters Due to Heavy Crypto Holdings

On May 22, Bloomberg reported that the SkyBridge Opportunity Fund, the flagship fund of SkyBridge Capital led by Anthony Scaramucci, has experienced losses for two consecutive quarters due to its substantial holdings in cryptocurrency-related assets. The fund manages approximately $1.3 billion, with 64% of its portfolio allocated to cryptocurrency and digital assets, including digital asset hedge funds, Bitcoin investment vehicles, and private companies in the crypto sector. Data shows that the SkyBridge Opportunity Fund fell by 12.9% in the first quarter of 2026, following an 18% decline in the fourth quarter of 2025. The fund's top three holdings are: Brevan Howard Digital Asset Multi-Strategy Fund (17.5%), Galaxy Institutional Bitcoin Fund (9.58%), and Canada's Purpose Bitcoin ETF (8.79%). Additionally, in its most recent public offering, the fund only accepted a small portion of the redemption requests submitted by investors. A total of 792,633.965 shares were requested for redemption, but the fund ultimately repurchased only 64,378.34 shares, accounting for just 8.1% of the submitted redemption shares.
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