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CRYP
$--
Today’s Change
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Snapshot
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Inception Date
Apr 27 2022
Expense Ratio
1.59%
Type
Global Cryptocurrency
Fund Owner
Advisor Shares
Volume (1m avg. daily)
$3,238
AUM
$401,999
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
CASH
68.77%
n/a
BLACKROCK TREASURY TRUST INSTL 62
31.23%
Invest with CRYP

What is CRYP?

The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in (i) U.S. ETFs that invest in U.S. exchange-traded bitcoin futures contracts, (ii) U.S. exchange-traded bitcoin futures contracts, and (iii) U.S. government securities, money market funds and short duration fixed income ETFs, and cash and cash equivalents. The Fund initially will invest in Bitcoin ETFs and Collateral, adding Bitcoin Futures as it gains assets and investment opportunities arise in accordance with its strategy. To the extent the Fund invests a significant portion of its assets in Bitcoin ETFs, it will be operating as a fund of funds.

ETFs related toCRYP

ETFs correlated to CRYP include BITO, BTF, BLOK

CRYP
Advisorshares Trust - AdvisorShares Managed Bitcoin Strategy ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF
BTF
Valkyrie ETF Trust II - Valkyrie Bitcoin Strategy ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services 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.

Automated Strategies
Related toCRYP

#BITO

Bitcoin Futures

Category

Benchmarks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CRYP using Composer

FAQ

CRYP is a Global Cryptocurrency ETF. The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in (i) U.S. ETFs that invest in U.S. exchange-traded bitcoin futures contracts, (ii) U.S. exchange-traded bitcoin futures contracts, and (iii) U.S. government securities, money market funds and short duration fixed income ETFs, and cash and cash equivalents. The Fund initially will invest in Bitcoin ETFs and Collateral, adding Bitcoin Futures as it gains assets and investment opportunities arise in accordance with its strategy. To the extent the Fund invests a significant portion of its assets in Bitcoin ETFs, it will be operating as a fund of funds.

Yes, CRYP 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, CRYP 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 CRYP is 0.0025%. This is the percent change in the value of CRYP over the most recent 1-month period. The 3-month return on CRYP is -0.0415%. This is the percent change in the value of CRYP over the most recent 3-month period.

The standard deviation of CRYP for the past year is 0.4498%. 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 CRYP include PFF, PGF, and AMJ.

ETFs correlated to CRYP include BITO, BTF, and BLOK.

ETFs that are inversely correlated to CRYP include BITI, SARK, and HDGE.

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.