Scaramucci’s SkyBridge posts second straight quarterly loss on crypto bet

The prolonged slump in crypto markets is increasing pressure on firms with digital asset exposure, including Anthony Scaramucci’s SkyBridge Capital, whose flagship fund posted another quarterly loss.

SkyBridge’s $1.3 billion SkyBridge Opportunity Fund fell nearly 13% during the first quarter of 2026, according to investor disclosures. Around 64% of the fund remains tied to crypto and digital-asset investments. A small rebound in March, when the fund gained 0.45%, failed to reverse steep losses earlier in the quarter.

The decline comes as crypto markets have struggled to rebound since the October crash that wiped out roughly $1.7 trillion in value across the sector. Bitcoin currently hovers around $77,000, down approximately 40% from its all-time high.

The Opportunity Fund’s crypto exposure includes digital-asset hedge funds, Bitcoin investment products, and private crypto companies.

Among its largest positions are the Brevan Howard Digital Asset Multi-Strategy Fund at 17.5%, the Galaxy Institutional Bitcoin Fund at about 9.6%, and the Purpose Bitcoin ETF at about 8.8%. The portfolio shows SkyBridge is relying on a mix of actively managed crypto strategies and institutional Bitcoin vehicles rather than only direct Bitcoin exposure.