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BFJA

GradeFNew York Stock Exchange Arca

FT Vest Bitcoin Strategy Floor15 ETF - January

Floor Protected · First Trust · Inception 2026-01-09 · SEC filings

$19.46−0.16 (−0.80%)

As of Sep 23, 2026, 10:14 AM EDT

History starts Jan 9, 2026.History starts Jan 9, 2026.
Intraday session: down, 4 prints from 19.62 to 19.46. Range 19.46 to 19.62. Use the arrow keys to read each point.$19.50$19.55$19.6010 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$1M
1Y return
—
Yield · Last 12 months
—
Holdings
8
Volume · 30D
0M sh
NAV per share
$19.61
52W range
low $17.16high $20.61

The ETF.net BFJA Grade

F

20/ 100

Rank 22 of 24 in Other Floor Protected⁠

Confidence Medium

Six-pillar profile for BFJA. Scores out of 100: Cost 22, Risk 31, Mission not scored, Tradability 3, Holdings 54, Durability 38. Strongest: Holdings (54). Weakest: Tradability (3). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 20 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned21This cap took−0Published score20 Grade F

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 22
    Category rank19/24 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 31
    Category rank17/23 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 3
    Category rank24/24 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 54
    Category rank4/10 · top 40%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 38
    Category rank22/24 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BFJA

ETF.net Research

FDefined-outcome funds usually tame the stock market. BFJA points the same machinery at bitcoin: one-year outcome periods that limit participation in the reference asset's losses to 15%, in exchange for a capped upside, re-struck each January.

Stated mandate

The fund seeks returns matching the price return of a reference asset designed to generally reflect bitcoin’s price, subject to a 28.06% upside cap and a maximum 15% loss exposure over January 12, 2026–January 8, 2027.

Why people hold it

  1. 01The floor is the whole design. Across each one-year outcome period, the fund takes at most 15% of the Bitcoin Reference Instrument's decline, before fees.
  2. 02Bitcoin exposure arrives in an ETF wrapper tracking an index built to reflect bitcoin's price. No exchange account, no wallet, no keys to lose.
  3. 03Terms reset every January: a fresh cap struck at then-current pricing, and the 15% floor starts over.
  4. 04At 0.90%, the fee sits about where the defined-outcome floor group prices this kind of engineering.

Worth knowing

  1. 01The floor is paid for with a ceiling. Upside is capped for each outcome period, and cap and floor are pre-fee figures, so the 0.90% expense ratio comes out of the result.
  2. 02The math is built around holding from one January reset to the next. Enter or exit mid-period and you get whatever the cap and floor are worth that day.
  3. 03Launched in 2026, it is one of the newer and less-traded names in the floor group, so spreads are worth a look. Equity-based peers CPRY (0.69%) and FLJJ (0.74%) cost less.

BFJA Holdings

As of Sep 21, 2026, 5:51 PM
Asset class
Other
Holdings
8
Top-10 weight
1375%
Largest holding
2027-01-08 S&P 500® Mini Index P 2,784.561365.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-01-08 S&P 500® Mini Index P 2,784.561365.73%65$13M1
002—2027-01-08 MBTX Index P 181.125.21%47$49K1
003—US Dollar2.40%22,632$23K394
004—2027-01-08 MBTX Index C 245.041.99%47$19K1
005—2027-01-08 S&P 500® Mini Index C 2,610.53<0.01%65$11

Showing 1–5 of 5 holdings

BFJA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BFJA$11,179
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BFJA $11,179. SPY $10,415. Use the arrow keys to read each point.$9,664$10,487$11,310Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BFJA. Periods over one year show the average yearly return.
PeriodBFJA
Year to dateFund launched this year—
1 month+5.9%
3 months+11.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BFJA
YearReturn barBFJA
2026 YTD−1.9%

Since listing, Jan 9, 2026

BFJA in the news

ETF.net Research hasn’t filed on BFJA yet — coverage lands here as it’s written.

BFJA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

BFJA Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BFJA Cost

Expense ratio0.90%
  • The middle half of Other Floor Protected funds
  • Median 0.79%

11 of the 18 Other Floor Protected funds charge less.

BFJA costs $90.00 a year on $10,000. The median Other Floor Protected fund costs $79.50.