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Launched · SEC filings

FT Vest Bitcoin Strategy Floor15 ETF - July

BFJLNYSE ArcaFirst TrustD

$18.83−0.19 (−1.00%) past 5 days

At close: Nov 2, 2026, 4:00 PM ET

D28/ 100

Rank 19 of 24 in Other Floor Protected

D28/100Rank 19 of 24inOther Floor Protected
5D price: down, 5 points from 19.02 to 18.83. Range 18.79 to 19.17. Use the arrow keys to read each point.18.9019.0019.10
Market opens at 9:30 AM ET.
Expense ratio
0.90%
Fund size
$4M
1Y total return
−5.8%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
387 sh
52W range
low $16.66high $19.98
Launched
Filings
SEC EDGAR

The ETF.net BFJL Grade

Based on 5 of 6 pillars

D

Score 28 out of 100

Category
Other Floor Protected⁠
Rank
19 of 24
Six-pillar profile for BFJL. Scores out of 100: Cost 24, Risk 29, Mission not scored, Tradability 30, Holdings 60, Durability 48. Strongest: Holdings (60). Weakest: Cost (24). Based on 5 of 6 pillars.

Score 28 of 100 falls in the D 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
28
This cap took
0
Published Score
28 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F24 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.
    D29 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.
    D30 out of 100
    Rank 20 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B60 out of 100
    Rank 2 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 16 of 24

Our read on BFJL

ETF.net Research

In short

DBitcoin with a seatbelt. BFJL follows the price return of a bitcoin reference instrument, absorbs the first 15% of a decline over a one-year outcome period, and gives up gains above a cap that resets each July.

Stated mandate

The Fund seeks to match the price return of a bitcoin-linked reference asset, subject to a 27.82% upside cap, while limiting its maximum loss from reference-instrument losses to 15% over the July 1, 2026–July 9, 2027 Target Outcome Period.

Why people hold it

  • The rare defined-outcome take in a cohort of plain spot bitcoin funds: 15% of downside covered by design, upside sold off to a stated cap.ftportfolios.com
  • Terms are posted up front. The outcome period runs July to July, with the cap and the 15% protection level set at the start, not discovered along the way.ftportfolios.com
  • Floor and cap squeeze the ride at both ends, a structurally different experience from holding bitcoin exposure straight.ftportfolios.com

Worth knowing

  • 0.90% a year is several times what plain spot bitcoin funds such as BITB and HODL charge at 0.20%. That is the toll for the downside engineering.
  • The 15% protection is measured across the full outcome period. Buy mid-period and your personal floor and cap sit at different levels than the headline terms.ftportfolios.com
  • Launched in 2025, still a small fund that trades lightly, so bid-ask spreads are a real part of the entry cost.

BFJL Performance

Launched Jun 30, 2025

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.
BFJL$9,424
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. BFJL $9,424. SPY $11,146. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 BFJL. Periods over one year show the average yearly return.
PeriodBFJL
Year to date+4.0%
1 month−1.9%
3 months+9.7%
1 year−5.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 BFJL
YearReturn barBFJL
2026 YTD+4.0%
2025−7.4%

History from Jul 1, 2025

BFJL in the news

BFJL Dividends

Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $0.24. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$0.24

$10,000 in BFJL 1 year ago paid $122 in dividends.

BFJL Risk

Risk pillarD29 out of 100Rank 18 of 24 in Other Floor Protected
How much the fund’s monthly returns vary, scaled to a year.
12.9%
Annualised · 15 months to Oct 2026
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.
−0.73
vs 3-month T-bills · 15 months to Oct 2026
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.
−21.2%
16 months · trough Jun 2026
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.
0.18
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.

FMP measures it over up to five years of monthly returns.

BFJL Cost

Compare BFJL and ISWN

Overpaying vs ISWN, cheapest in Other Floor Protected

$7,248

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BFJL 0.90%

    $17,040

  • ISWN 0.49% Cheapest

    $9,792

$10,000
30 years

Cost over time

  • BFJL 0.90%
  • ISWN 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BFJL $17,040ISWN $9,792

Year by year

YearBFJLISWNOverpaying
10$1,593$883$710
20$6,015$3,394$2,621
30$17,040$9,792$7,248

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