ETF Evaluator: First Trust SkyBdg Cry Idt & Dgt Eco ETF () Follow This ETF

First Trust SkyBdg Cry Idt & Dgt Eco ETF Overview

First Trust SkyBdg Cry Idt & Dgt Eco ETF (CRPT) is an actively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). First Trust launched the ETF in 2021.

The investment seeks 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 in Crypto Industry Companies. The remainder of the fund’s net assets used to satisfy the 80% test set forth above will be invested in Digital Economy Companies. The fund is non-diversified.

About First Trust SkyBdg Cry Idt & Dgt Eco ETF (CRPT)

There are 2 members of the management team with an average tenure of 4.86 years: Brett Messing (2021) and Anthony Scaramucci (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. First Trust SkyBdg Cry Idt & Dgt Eco ETF has 16 securities in its portfolio. The top 10 holdings constitute 95.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

First Trust SkyBdg Cry Idt & Dgt Eco ETF is part of the Equity global asset class and is within the Sector Equity ETF group. First Trust SkyBdg Cry Idt & Dgt Eco ETF has 12.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 67.5% There is 12.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). First Trust SkyBdg Cry Idt & Dgt Eco ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $82 million in total assets, which is below the $181 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CRPT Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The First Trust SkyBdg Cry Idt & Dgt Eco ETF expense ratio is high compared to funds in the Equity Digital Assets category. First Trust SkyBdg Cry Idt & Dgt Eco ETF has an expense ratio of 0.85%, which is 28% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. First Trust SkyBdg Cry Idt & Dgt Eco ETF has a portfolio turnover rate of 318%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 91% for the Equity Digital Assets category.

Recently, in the month of July 2026, First Trust SkyBdg Cry Idt & Dgt Eco ETF returned -1.2%, which earned it a grade of A, as the Equity Digital Assets category had an average return of -8.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

First Trust SkyBdg Cry Idt & Dgt Eco ETF has a trailing yield of 1.01%, which is below the 5.75% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

First Trust SkyBdg Cry Idt & Dgt Eco ETF Grades

Year to date, the ETF has returned -25.7%, 35.0 percentage points worse than the category, which translates into a grade of F. The fund has returned -51.3% over the past year (grade of F) and 14.3% over the past three years (grade of F).

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