GET DAILY SIGNALSCRPT ETF Slides -20% in 30 Days: Tracking the Crypto Fund’s Recent Moves
Key Takeaways
- The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) has declined roughly 20% over the trailing 30 days, retreating from about $14.00 to near $11.22.
- Over the last quarter the fund is essentially flat (down about 1%), masking a sharp crypto-driven rally into late September that was later given back.
- The pullback has been broad-based, with weakness concentrated in the fund's largest crypto-linked equity holdings and its Bitcoin exchange-traded product (ETP) sleeve.
- Because CRPT is non-diversified and weighted toward a small number of high-beta names, its daily price swings tend to amplify moves in the broader digital-asset market.
- Key influences include Bitcoin's own correction, pressure on Bitcoin-proxy equities such as Strategy and Coinbase, and elevated volatility across the crypto ecosystem.
- For additional context on valuation levels and forward expectations, explore Price Targets and Forecast on dedicated analysis pages.
- Investors can also monitor market momentum and automated signals through Trending AI Robots.
CRPT ETF at a Glance: Portfolio Focus and Exposure
CRPT is an actively managed, non-diversified thematic ETF that seeks capital appreciation by investing in companies and vehicles tied to the crypto industry and the digital economy. Under normal conditions, the fund commits at least 80% of net assets to crypto-industry and digital-economy companies and American Depositary Receipts (ADRs), with at least 50% in crypto-industry companies and up to roughly 25% in Bitcoin ETPs. The fund carries a net expense ratio of 0.85% and is sub-advised by SkyBridge Capital.
The portfolio is highly concentrated, with approximately 20 holdings. The largest positions include Strategy (MSTR), Coinbase Global (COIN), Metaplanet, Galaxy Digital, Robinhood Markets (HOOD), and Strive, alongside a collection of spot Bitcoin ETPs such as the iShares Bitcoin Trust, the Fidelity Wise Origin Bitcoin Fund, the VanEck Bitcoin ETF, and the Bitwise Bitcoin ETF. Sector exposure leans heavily toward financial services, with technology and consumer-cyclical names making up most of the remainder. I also checked this using Tickeron’s AI Screener to see how the fund compares to others in the industry.
This concentrated, high-beta structure helps explain the fund's volatility. When Bitcoin and crypto-related equities rally, the fund's outsized weighting to those names can produce sharp gains; when sentiment turns, the same concentration magnifies the downside.
CRPT Price Performance: 30-Day Drop Versus Quarterly Results
Over the trailing 30 days, CRPT fell from approximately $14.00 to around $11.22, a decline of about 20%. The move was not a single-day shock but a steady, trend-driven slide punctuated by bouts of elevated intraday volatility, consistent with the high-beta nature of its underlying holdings.
The last quarter tells a different and more nuanced story. Roughly three months ago, the fund traded near $11.36, meaning it is down only about 1% over that span. Between those two points, however, the fund staged a powerful rally into late September, reaching a peak near $16.73 before reversing. In other words, CRPT completed a round trip over the quarter: a rise of nearly 47% off its August base, followed by a drawdown that erased those gains.
Drivers Behind the 30-Day Decline in CRPT
The recent 30-day decline was driven primarily by a broad pullback in Bitcoin and crypto-linked equities, which form the core of the fund's portfolio. Because a substantial portion of CRPT's assets sits in spot Bitcoin ETPs and in Bitcoin-proxy stocks, the fund is effectively a leveraged expression of digital-asset sentiment without using borrowed capital.
Among the largest contributors to the drawdown were the fund's heaviest holdings. Strategy and Coinbase, two of the most direct publicly traded proxies for Bitcoin exposure, both carry double-digit portfolio weights, and their weakness weighed directly on the fund. Robinhood, which generates a meaningful share of revenue from crypto trading activity, and Galaxy Digital, a diversified digital-asset financial services firm, added to the pressure. Metaplanet, a Japan-listed company that holds Bitcoin on its balance sheet, also contributed to the decline.
From a macro standpoint, crypto assets tend to be highly sensitive to shifts in risk appetite, liquidity conditions, and interest-rate expectations. A more cautious tone across risk markets, combined with profit-taking after the September advance, created a fragile backdrop that left high-beta crypto holdings vulnerable to further selling.
Quarterly Performance Breakdown: Rally and Reversal
The quarter's flat headline result conceals two distinct phases. The first was a strong sector rotation into digital-asset names through August and September, which lifted CRPT alongside a rebound in Bitcoin and renewed institutional interest in crypto-linked equities and spot Bitcoin ETPs. The second was a sharp reversal in October and November, as the rally matured and risk appetite cooled.
The fund's largest holdings dominated both phases. Strategy and Coinbase surged during the advance and subsequently led the retreat, reflecting their outsized sensitivity to Bitcoin's price. The Bitcoin ETP sleeve, which tracks the spot price of Bitcoin directly, compounded the effect in both directions. Net-net, the quarter illustrates how quickly gains can unwind in a concentrated, high-volatility thematic vehicle.
Outlook for CRPT: Factors to Monitor Going Forward
Several factors are likely to shape CRPT over the coming months. The trajectory of Bitcoin remains the single most important driver, given the fund's large allocation to Bitcoin ETPs and Bitcoin-proxy equities. Changes in interest-rate expectations and overall risk appetite will also matter, since crypto assets historically exhibit high sensitivity to liquidity conditions and investor sentiment.
At the holdings level, investors should monitor the earnings and balance-sheet trends of the fund's largest positions, particularly Strategy, Coinbase, and Robinhood, as well as any shifts in institutional adoption of digital assets. Regulatory developments across the crypto industry could act as either a catalyst or a headwind. Finally, capital flows into spot Bitcoin ETPs and broader crypto-related funds provide a useful read on institutional positioning. These structural themes, rather than short-term price noise, are likely to define the fund's risk-reward profile going forward. From what I see, this remains an area worth watching closely.
Tickeron AI Screener for Thematic Research
In my own process, I often turn to Tickeron’s AI Screener when evaluating concentrated thematic funds like this one. It lets me scan for securities matching specific volatility, momentum, and industry criteria, which helps put the current setup in broader context without replacing core fundamental work.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Momentum Indicator for CRPT turns negative, indicating new downward trend
CRPT saw its Momentum Indicator move below the 0 level on October 29, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned negative. In 77 of the 85 cases, the stock moved further down in the following days. The odds of a decline are at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
CRPT moved below its 50-day moving average on October 22, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CRPT crossed bearishly below the 50-day moving average on October 20, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRPT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for CRPT entered a downward trend on November 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +6.05% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRPT advanced for three days, in 252 of 274 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
CRPT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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