The Empiricus Cripto Top 20 ETF (CRPT11) is a Brazilian exchange-traded fund designed to provide exposure to the global cryptocurrency market through investments linked to the Teva Criptomoedas Top20 Index. The ETF is managed by Empiricus Asset Management and trades under the ticker CRPT11 on the B3.
Classified as a cryptocurrency ETF, the fund follows a passive management strategy. Its objective is to track the performance of the 20 most relevant digital assets in the global market, selected according to market capitalization and other eligibility criteria established by the benchmark methodology.
Composition / Exposure profile
CRPT11 provides exposure primarily associated with:
Large-cap cryptocurrencies.
Diversified digital-asset portfolios.
Blockchain-based ecosystems.
Alternative investment strategies.
Global cryptocurrency markets.
Digital-payment networks.
Smart-contract platforms.
Emerging blockchain technologies.
The benchmark is designed to provide diversified exposure across the cryptocurrency market by including up to 20 of the most relevant digital assets based on market capitalization and liquidity criteria.
Performance is largely driven by cryptocurrency-market trends, institutional adoption, technological innovation, regulatory developments, and changes in global demand for digital assets.
Structure and costs
CRPT11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, helping to align the ETF’s market price with its net asset value (NAV).
The fund charges a management fee of 0.75% per year, with a minimum monthly compensation of R$6,000 for the administrator.
In addition to the management fee, the fund is subject to other costs and expenses, including taxes, independent-audit fees, and royalties associated with the use of the benchmark index, as outlined in its regulations.
Investors may also incur brokerage fees, exchange charges, and custody costs depending on their brokerage provider and applicable B3 rules. CRPT11 does not apply a performance fee and does not provide recurring income distributions, as portfolio results are reflected directly in the ETF’s share value. The fund has an indefinite duration.
History and evolution of the ETF
The Empiricus Cripto Top 20 ETF was launched as the first cryptocurrency-focused ETF managed by Empiricus Asset and listed on the B3, with the objective of simplifying access to digital assets through a regulated investment structure.
Since inception, the fund has become part of the growing segment of digital-asset ETFs in Brazil, reflecting increasing investor interest in cryptocurrencies and alternative investment opportunities.
In recent years, CRPT11 has reflected fluctuations across the cryptocurrency market, influenced by institutional adoption trends, technological advancements, regulatory developments, and the global supply-and-demand dynamics of digital assets.
Additional Information
Empiricus Cripto Top 20 ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $192.22 Millions.
Over the past 12 months, Empiricus Cripto Top 20 ETF recorded a return of -42.27%, with its price trading between $10.91 and $25.25 during the same period.
The ETF is traded under the ticker CRPT11.