What this ETF is trying to do

The FIRST TRUST SKYBRIDGE CRYPTO INDUSTRY AND DIGITAL ECONOMY ETF (ticker: CRPT) focuses on companies involved in the cryptocurrency industry and the digital economy. It holds a variety of stocks, including companies like Coinbase Global Inc, NVIDIA Corp, and Apple Inc. Because it invests in these areas, its value can change quickly.

What the numbers show

As of October 9, 2026, the current price of one share is $14.96. Looking back, the estimated price from roughly one year ago was about $24.07.

To see how this looks in dollars, imagine you had $10,000 invested in this ETF one year ago. Based on the share-price change, that investment would be worth approximately $6,215.37 today.

The performance numbers show different results depending on how you look at them:

• One-year price return: The share price fell by approximately 37.85%.

• One-year total return: This measure, which includes distributions, was approximately -37.44%.

• Three-year total return: Over a longer period of three years, the total return was much higher at approximately 208.79%.

• Five-year total return: Over five years, the total return was approximately -23.00%.

Income and distribution explanation

Some investors look for "distributions," which is cash paid out from the ETF. This ETF has a distribution yield of approximately 0.76%. The distributions are described as irregular or less frequent. It is important to remember that a distribution yield tells you how much cash was paid out, but it does not tell you if your total investment grew or shrank.

NAV erosion explanation

This ETF has a severe erosion-risk flag. This means the split-adjusted price trend and/or the erosion score triggered a warning.

"NAV erosion" refers to a decline in the value of the fund's underlying assets or its share price. In this case, the data shows an erosion score of 30, which is labeled as "Significant price erosion." This indicates that the share price has dropped significantly over time.

Pros

• Strong long-term growth: The three-year total return was very high at approximately 208.79%.

• Diverse holdings: The ETF provides exposure to many different companies, such as Microsoft Corp and Mastercard Inc.

Cons

• Recent price decline: The share price has dropped significantly over the last year.

• Erosion risk: There is a severe erosion-risk flag due to significant price deterioration.

• Low income: The distribution yield is relatively low at approximately 0.76%.

Beginner takeaway

CRPT is an ETF that tracks the crypto and digital economy. While it saw very large gains over a three-year period, it has recently experienced a major share-price decline. Because of this price drop, the fund has a severe erosion-risk warning. Always remember that high growth in the past does not guarantee what will happen in the future.