FT Vest Bitcoin Strategy Floor15 ETF - July
$19.15−0.01 (−0.08%)
- 0.90%
- $4M
- −6.5%
- 0M sh
- $19.14
- low $16.66high $20.71
The ETF.net BFJL Grade
D
Score 25 out of 100
- 19 of 24
Score 25 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
- 26
- This cap took
- −0
- Published Score
- 25
Cost
The fund’s net expense ratio, ranked against its category.F22 out of 100Rank 17 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 19 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D28 out of 100Rank 21 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 3 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 16 of 24
Our read on BFJL
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.
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 Holdings
- Other
- 5
- 1157%
- 2027-07-09 S&P 500® Mini Index P 2,997.64
BFJL Performance
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$9,354
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.
| Period | BFJL |
|---|---|
| Year to date | +5.9% |
| 1 month | +3.4% |
| 3 months | +11.3% |
| 1 year | −6.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BFJL |
|---|---|---|
| 2026 YTD | +5.9% | |
| 2025 | −7.4% |
BFJL in the news
BFJL Dividends
- $0.24 per share
- Irregular
Distribution data unavailable.
Distribution history
BFJL Risk
- 13.3%
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.
- −0.63
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.
- −21.2%
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.
- 0.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BFJL Cost
0.90%
BFJL0.90%
- The middle half of Other Floor Protected funds
- Median 0.79%
11 of the 18 Other Floor Protected funds charge less.
Other funds in Other Floor Protected
- DARKEARK ETF Trust - ARK DIET Q3 Buffer ETFExpense ratio 0.89%1 year return —
- DBFAPFT Vest Bitcoin Strategy Floor15 ETF - AprilExpense ratio 0.90%1 year return −20.7%
- FKPROKraneShares 100% KWEB Defined Outcome January 2027 ETFExpense ratio 1.00%1 year return −6.4%
- FBFJAFT Vest Bitcoin Strategy Floor15 ETF - JanuaryExpense ratio 0.90%1 year return —
- FKBUFKraneShares 90% KWEB Defined Outcome January 2027 ETFExpense ratio 0.97%1 year return −18.2%