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First Trust Advisors L.P. announced the launch of the First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSE Arca: CRPT). This actively managed ETF aims for capital appreciation by investing at least 80% of its net assets in stocks of crypto industry and digital economy companies. At least 50% of the investments will be in crypto companies. The fund, managed by SkyBridge, will not invest directly in cryptocurrencies but seeks to provide exposure to companies significantly benefiting from the crypto economy.
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