SkyBridge Capital Fund Reports Consecutive Losses Due to Crypto Investments

SkyBridge Capital's flagship fund, SkyBridge Opportunity Fund, has reported losses for two consecutive quarters due to its significant investments in cryptocurrencies, according to Foresight News. The fund, valued at approximately $1.3 billion, has 64% of its holdings tied to cryptocurrencies and digital assets, including digital asset hedge funds, Bitcoin investment tools, and crypto-related private equity firms. Disclosure data reveals that the SkyBridge Opportunity Fund declined by 12.9% in the first quarter of 2026, following an 18% drop in the fourth quarter of 2025. The fund's top three holdings are the Brevan Howard Digital Asset Multi-Strategy Fund (17.5%), Galaxy Institutional Bitcoin Fund (9.58%), and Canada's Purpose Bitcoin ETF (8.79%). Additionally, the fund recently accepted only a small portion of redemption requests from investors during a public offering. Investors submitted redemption requests for 792,633.965 shares, but the fund proportionally repurchased only 64,378.34 shares, accounting for just 8.1% of the requested redemptions.