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First Trust SkyBridge Crypto Industry and Digital Economy ETF

CRPT
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Today’s Change
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Snapshot
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Inception Date
Sep 20 2021
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$191,110
AUM
$18,787,510
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

MSTR
Microstrategy Inc. - Ordinary Shares - Class A
21.42%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
19.88%
GLXY
GALAXY DIGITAL HOLDINGS LTD
13.82%
SQ
Block Inc - Ordinary Shares - Class A
12.10%
PYPL
PayPal Holdings Inc
6.09%
SOFI
SoFi Technologies Inc
4.35%
SBNY
Signature Bank
4.08%
RIOT
Riot Platforms Inc
3.14%
HOOD
Robinhood Markets Inc - Ordinary Shares - Class A
3.05%
MARA
Marathon Digital Holdings Inc
2.67%
Invest with CRPT

What is CRPT?

The First Trust SkyBridge Crypto Industry and Digital Economy ETFs (the "Fund") investment objective is to provide investors with capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any investment borrowings) in the common stocks and American Depositary Receipts ("ADRs") of Crypto Industry Companies and Digital Economy Companies. Under normal market conditions, the Fund will invest at least 50% of its net assets (plus any investment borrowings) in Crypto Industry Companies. The remainder of the Funds net assets used to satisfy the 80% test set forth above will be invested in Digital Economy Companies.

ETFs related toCRPT

ETFs correlated to CRPT include BLOK, ARKF, ARKW

CRPT
First Trust Exchange-Traded Fund VIII - First Trust SkyBridge Crypto Industry and Digital Economy ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CRPT is a Global Equities ETF. The First Trust SkyBridge Crypto Industry and Digital Economy ETFs (the "Fund") investment objective is to provide investors with capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any investment borrowings) in the common stocks and American Depositary Receipts ("ADRs") of Crypto Industry Companies and Digital Economy Companies. Under normal market conditions, the Fund will invest at least 50% of its net assets (plus any investment borrowings) in Crypto Industry Companies. The remainder of the Funds net assets used to satisfy the 80% test set forth above will be invested in Digital Economy Companies.

The top holdings for CRPT include Microstrategy Inc. - Ordinary Shares - Class A, Coinbase Global Inc - Ordinary Shares - Class A, and GALAXY DIGITAL HOLDINGS LTD.

CRPT has 31 total holdings.

Yes, CRPT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CRPT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CRPT is 0.4282%. This is the percent change in the value of CRPT over the most recent 1-month period. The 3-month return on CRPT is -0.0548%. This is the percent change in the value of CRPT over the most recent 3-month period.

The standard deviation of CRPT for the past year is 0.8044%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CRPT include EEMV, TAN, and PBW.

ETFs correlated to CRPT include BLOK, ARKF, and ARKW.

ETFs that are inversely correlated to CRPT include SARK, HDGE, and WEBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.