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.