PANews reported on May 23 that, according to Bloomberg, SkyBridge Opportunity Fund, the flagship fund of SkyBridge Capital founded by Anthony Scaramucci and with approximately $1.3 billion in assets, fell 12.9% in the first quarter of 2026, marking its second consecutive quarter of losses, mainly due to the sharp fluctuations in cryptocurrency-related assets.

Data shows that 64% of the fund's holdings are concentrated in crypto and digital assets. Although it rebounded slightly by 0.45% in March, it failed to reverse the downward trend from the beginning of the quarter. The fund has already fallen by 18% in the fourth quarter of 2025, and the continuous losses highlight the institutional risks associated with its high exposure to crypto.