First Trust SkyBridge Crypto Industry and Digital Economy ETF CRPT is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 176.1% from its 52-week low price of $8.50/share.
We have highlighted five top-performing ETFs from different sectors that were the leaders in the fourth quarter.
Wall Street is on track to register another strong year of gains. We have highlighted five top-performing ETFs from various sectors.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CN Chris Nelson MJP ASSOCIATES Inc. /ADV | 18,006 | $88,133.95 | $219,223.05 | $131,089.1 | 148.74% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 61,804 | $1.22M | $752,463.7 | -$463,043.07 | -38.09% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 14,211 | $196,067.87 | $172,095.21 | -$23,972.66 | -12.23% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 404 | $5,307.88 | $4,973.24 | -$334.64 | -6.3% |
| MS Missy Straw Nilsine Partners LLC | 11,225 | $136,764.15 | $133,521.37 | -$3,242.78 | -2.37% |
| ARCA Exchange | US Country |
This fund positions itself within the financial industry, particularly focusing on the rapidly evolving sectors of cryptocurrencies and the broader digital economy. Distinctively, the fund prioritizes investments in companies actively involved in cryptocurrency operations and those integral to the digital economy ecosystem. By committing a substantial portion of its assets towards Crypto Industry Companies and Digital Economy Companies, the fund aims to leverage the growth potential within these cutting-edge sectors. The investment strategy underlines a strong preference for equities, as evident through the planned allocation towards common stocks and American Depositary Receipts (ADRs). This allocation strategy signifies an assertive approach to capitalizing on the economic shifts towards digitalization and blockchain technologies. The fund’s approach is characterized by a non-diversified investment portfolio, emphasizing its targeted investment thesis versus a broad market exposure.
The fund dedicates at least 50% of its net assets to investing directly in companies that are integral players within the cryptocurrency sector. This includes businesses involved in the development, investment, and operation of blockchain technologies and digital assets. The focus on Crypto Industry Companies reflects an aim to capture the growth and innovation occurring within this space, betting on the increasing influence and adoption of cryptocurrencies and blockchain technology in the global economy.
To complement its cryptocurrency-focused investments, the fund allocates the remaining portion of the 80% investment threshold to Digital Economy Companies. These entities are defined by their significant engagement in activities that fuel the digital economy, which may include e-commerce platforms, digital payments, online marketplaces, and other internet-driven business models. This strategic inclusion allows the fund to diversify within the digital domain, capturing value from the wider digital transformation of traditional industries and consumer behaviors.