(CRPT) First Trust SkyBridge - Ratings and Ratios

The First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) is designed to provide exposure to companies operating in the cryptocurrency and broader digital economy sectors. Under normal market conditions, the fund allocates at least 80% of its net assets (including investment borrowings) to common stocks and ADRs of Crypto Industry Companies and Digital Economy Companies. At least 50% of its net assets are dedicated to Crypto Industry Companies, which are defined as businesses primarily involved in cryptocurrency mining, blockchain technology, or digital asset trading. The remaining 30% of the funds net assets are allocated to Digital Economy Companies, which include firms leveraging digital technologies such as e-commerce, fintech, and cloud computing. The fund is non-diversified, allowing it to concentrate its holdings in a smaller number of securities.

Based on the provided data, the funds short-term outlook appears challenging. The SMA 20 (16.54) and SMA 50 (17.73) are both above the last price (13.73), indicating bearish momentum. The SMA 200 (15.06) is also above the last price, suggesting longer-term downward pressure. The ATR (1.07) indicates moderate volatility, which may persist in the near term. However, the funds AUM of $101.60M reflects a significant investor base, which could support liquidity. Over the next three months, CRPT is likely to remain under pressure due to unfavorable moving averages, but its AUM size may limit extreme volatility.