First Trust SkyBridge Ethereum Fund L.P.

Disclosure

Disclosure

SkyBridge Capital II, LLC ("SkyBridge") operates a website at www.skybridge.com and www.skybridgeeth.com (each, a "Site"). The information contained on the Site neither constitutes an offer for nor a solicitation of interest in any securities offering. If an indication of interest is provided, it may be withdrawn or revoked, without obligation or commitment of any kind prior to being accepted following the qualification or effectiveness of the applicable offering document, and any offer, solicitation or sale of any securities will be made only by means of an offering circular, private placement memorandum or prospectus (together, "Offering Documents"). No money or other consideration is hereby being solicited, and will not be accepted without such potential investor having been provided the applicable offering document. Joining the Site neither constitutes an indication of interest in any offering nor involves any obligation or commitment of any kind. While SkyBridge is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the Investment Advisers Act of 1940, as amended (the “Advisers Act”), SkyBridge is not and will not be acting in such capacity in providing services to the First Trust SkyBridge Ethereum Fund LP.  As such, neither the First Trust SkyBridge Ethereum Fund LP nor an investor will have the protections afforded by the Advisers Act.  For example, in managing the First Trust SkyBridge Ethereum LP, SkyBridge will not be subject to the Advisers Act’s requirements with respect to the custody of client assets or transactions with affiliates.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND ANY EXPECTED RETURNS OR HYPOTHETICAL PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. FURTHERMORE, PAST RETURNS MAY REFLECT THE PERFORMANCE OF ASSETS FOR A FINITE TIME, OR DURING A PERIOD OF EXTREME MARKET ACTIVITY. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS.

There can be no assurance that an investment mix or any projected or actual performance shown on the Site will lead to the expected results shown or perform in any predictable manner. It should not be assumed that investors will experience returns in the future, if any, comparable to those shown or that any or all investors on the Site experienced such returns. All information contained on the Site is subject to revision and completion without prior notification. The investor (prospective or existing) should conduct its own investigation and analysis of SkyBridge and any fund discussed on the Site (each, a "Fund") and the data described herein. SkyBridge is not acting as the advisor or agent for clients purchasing an investment and thus clients cannot rely on SkyBridge or this Site in connection with their decision to invest. No person has been authorized to make representations or provide any information relating to any investment opportunity described herein that are inconsistent with or not otherwise contained in the As further described in the Fund's Offering Documents, an investment in the Fund is highly illiquid, speculative and not suitable for all investors. Investing in the Fund is only intended for experienced and sophisticated investors who are willing to bear the high economic risks associated with such an investment. Investors may lose all or substantially all of their investment in the Fund. An investment in the Fund will provide limited liquidity since the interests in the Fund are not freely transferable. There is no secondary market for the interests and none is expected to develop. An investment in the Fund is suitable only for sophisticated investors who do not require immediate liquidity for their investment and can bear the loss of their entire investment.

Some of the statements contained on the Site are forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Fund’s actual results, levels of activity, performance, or achievements to be materially and adversely different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. An investment in any Fund available on the Site involves substantial risks, including risk of partial or total loss of investment, and each investor should carefully consider the Risk Factors contained the Fund's Offering Documents. Except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements.

We undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations. Diversification does not guarantee profit or protect against loss. The information presented regarding the Fund, including information regarding financial status, business strategy, investment objectives, historical performance, projections, redemption plans, etc., merely constitute a summary of such information and is qualified in its entirety by the disclosure contained in the Fund’s Offering Documents. There can be no guarantee that the Fund will achieve its business objectives or that it will become profitable. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on the Site, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.

The above description is a summary only. Potential investors are urged to review a Fund's Offering Documents for full disclosures on risks associated with an investment in the Fund.