The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is an actively managed, high-beta way to own the crypto economy rather than a single stock. Because the fund itself carries no direct Wall Street analyst consensus, its price objectives are drawn from public discussion of analyst targets on the stocks it holds.
CRPT is an exchange-traded fund, so it does not receive the individual price targets that analysts assign to operating companies. Instead, its implied price objective is calculated from targets on the stocks it owns. Data and media outlets have cited an implied average CRPT price target near $24–$25, while other aggregators report a higher average near $31 with a low near $19 and a high near $44. The rounded $25 figure used here sits close to both the commonly cited ~$24.74 average and the fund's 52-week high of about $24.84, making it a realistic public-discussion reference point rather than a guarantee.
CRPT has traded in a 52-week range of roughly $10.75 to $24.84 and has pulled back sharply from its highs, declining roughly half over the trailing year as crypto-equity premiums compressed. At a recent price near $13, reaching $25 implies a very large move of about 90% or more. The path would most plausibly depend on a broad re-rating of bitcoin-proxy and digital-asset equities: rising underlying cryptocurrency prices, expanding exchange volumes, and improving miner economics would all need to combine to lift the fund's concentrated holdings meaningfully.
Several factors could support a recovery. The fund's largest positions—Strategy and Coinbase, along with Robinhood (HOOD), Galaxy Digital, and Metaplanet—are high-beta beneficiaries of rising digital-asset prices and growing trading activity. Continued institutional adoption, more constructive U.S. regulatory treatment of digital assets, and falling interest rates that favor speculative, long-duration assets would all help. Because the fund is actively managed, its sub-adviser can also tilt the portfolio toward faster-growing parts of the crypto ecosystem as conditions shift.
The obstacles are substantial. CRPT is highly concentrated, with its top holdings historically accounting for a large majority of assets, so a stumble in any major name—such as a bitcoin price correction or an earnings miss at Coinbase—can drag the whole fund. Its beta of roughly three means it can fall far faster than the broader market in risk-off periods. The 0.85% expense ratio is also a recurring drag. If cryptocurrency prices stay range-bound, if mining profitability remains weak, or if interest rates stay elevated, the premium valuations that once supported prices near $24 could remain out of reach.
The most durable technical reference points are the 52-week low near $10.75 and the prior high near $24.84. A move toward $25 would first need to reclaim levels around the mid-teens and then clear the psychological $20 mark, which previously acted as a swing area. The fund's long-term structure remains damaged after a deep drawdown, and any sustained advance would likely need to hold above these zones rather than produce a single sharp spike.
Holdings-based analyst targets typically reflect a roughly 12-month research horizon, though the time frame varies by firm. Investors should watch bitcoin and ether price action, quarterly earnings and guidance from Coinbase, Strategy, and Robinhood, changes in the fund's top holdings, net fund flows into crypto-equity ETFs, and Federal Reserve rate decisions. Regulatory developments affecting exchanges and bitcoin-proxy firms are equally important to the fund's path.
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The $25 target for CRPT is a public-discussion reference point tied to analyst targets on the fund's underlying holdings and to its prior 52-week high, not a formal consensus on the ETF itself. From a price near $13, the required move of roughly 90% is very large. Bullish support rests on rising crypto prices, institutional adoption, and the fund's concentrated exposure to high-beta bitcoin proxies and exchanges, while concentration risk, a 0.85% fee, elevated beta, and the possibility of sustained crypto weakness are the principal obstacles. No outcome is assured, and investors should treat the target as a scenario to evaluate against earnings, crypto prices, and flows rather than as a forecast.
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A.I.dvisor indicates that over the last year, CRPT has been closely correlated with BITQ. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if CRPT jumps, then BITQ could also see price increases.
| Ticker / NAME | Correlation To CRPT | 1D Price Change % | ||
|---|---|---|---|---|
| CRPT | 100% | -1.66% | ||
| BITQ - CRPT | 86% Closely correlated | -1.02% | ||
| BLOK - CRPT | 86% Closely correlated | -1.59% | ||
| STCE - CRPT | 84% Closely correlated | -1.98% | ||
| SPBC - CRPT | 81% Closely correlated | -0.70% | ||
| IBIT - CRPT | 79% Closely correlated | -1.51% | ||
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