SkyBridge Capital's crypto-heavy fund posts second straight quarterly loss

The Opportunity Fund, a flagship offering from U.S. asset manager SkyBridge Capital, posted a 12.9% loss in the first quarter of 2026, marking its second consecutive quarter of declines due to its cryptocurrency exposure, Bloomberg reported. The fund, which allocates approximately 64% of its assets to crypto, previously fell 18% in the fourth quarter of 2025, closing out the year with an annual return of -12%.