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Launched · SEC filings

FT Vest Bitcoin Strategy Floor15 ETF - January

BFJANYSE ArcaF

$19.11+0.10 (+0.53%)

As of Oct 13, 2026, 1:30 PM

F20/ 100

Rank 23 of 24 in Other Floor Protected

F20/100Rank 23 of 24inOther Floor Protected
Intraday session: up, 4 prints from 19.01 to 19.11. Range 19.01 to 19.17. Use the arrow keys to read each point.19.0519.1510 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$1M
1Y total return
—
Yield · Last 12 months
—
Holdings
4
Avg volume · 30D
0M sh
NAV per share
$18.90
52W range
low $17.16high $20.61
Launched
Filings
SEC EDGAR

The ETF.net BFJA Grade

Based on 5 of 6 pillars

F

Score 20 out of 100

Category
Other Floor Protected⁠
Rank
23 of 24
Six-pillar profile for BFJA. Scores out of 100: Cost 22, Risk 28, Mission not scored, Tradability 6, Holdings 54, Durability 38. Strongest: Holdings (54). Weakest: Tradability (6). Based on 5 of 6 pillars.

Score 20 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
21
This cap took
−0
Published Score
20 Grade F

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F22 out of 100
    Rank 17 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 18 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F6 out of 100
    Rank 24 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 4 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D38 out of 100
    Rank 21 of 24

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 Oct 11, 2026
Asset class
Other
Holdings
4
Top-10 weight
1365%
Largest holding
2027-01-08 S&P 500® Mini Index P 2,784.561357.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-01-08 S&P 500® Mini Index P 2,784.561357.65%65$13M1
002—2027-01-08 MBTX Index P 181.124.02%47$38K1
003—US Dollar2.33%22,005$22K421
004—2027-01-08 MBTX Index C 245.041.50%47$14K1

Showing 1–4 of 4 holdings

BFJA Performance

Launched Jan 9, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BFJA$10,888
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. BFJA $10,888. SPY $10,332. Use the arrow keys to read each point.$9,535$10,458$11,382Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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+3.1%
3 months+8.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−4.9%

Since listing, Jan 9, 2026

BFJA in the news

Filtered to BFJA · First Trust

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 Oct 12, 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.
0.36
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.

Other funds in Other Floor Protected

See others