First Trust Exchange Traded Fund is preparing to launch the First Trust SkyBridge Crypto Industry and Digital Economy ETF. The ETF will directly provide exposure to stocks involved in crypto mining, crypto equipment suppliers, online digital banking services, online software services as well as other areas. Per a U.S. Securities Exchange Commission filing, crypto companies will be defined as businesses that have at least 50% of their net assets accounted for by direct holdings of bitcoin, ether, or another crypto assets. The ETF intends to trade on the New York Stock Exchange under the ticker symbol "CRPT." The fund will come with an expense ratio of 0.85%. CRPT will compete against other crypto/blockchain funds and ETFs built around the digital marketplace. Three ETFs would be the Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK), VanEck Vectors Digital Transformation ETF (NASDAQ:DAPP), and Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (NYSEARCA:RIGZ). All three of these ETFs provide indirect exposure
