Skip to content
etf.net

BFOC

GradeDNew York Stock Exchange Arca

FT Vest Bitcoin Strategy Floor15 ETF - October

Floor Protected · First Trust · Inception 2025-09-30

$17.00−0.04 (−0.25%)

As of Sep 23, 2026, 12:01 PM EDT

History starts Oct 1, 2025.History starts Oct 1, 2025.
Intraday session: down, 5 prints from 17.04 to 17.00. Range 16.96 to 17.04. Use the arrow keys to read each point.$16.96$16.98$17.02$17.0410 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$3M
1Y return
—
Yield · Last 12 months
—
Holdings
8
Volume · 30D
0M sh
NAV per share
$17.07
52W range
low $16.78high $20.70

The ETF.net BFOC Grade

D

31/ 100

Rank 18 of 24 in Other Floor Protected⁠

Confidence Medium

Six-pillar profile for BFOC. Scores out of 100: Cost 22, Risk 21, Mission not scored, Tradability 57, Holdings 60, Durability 43. Strongest: Holdings (60). Weakest: Risk (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 31 of 100 sits in the D 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 earned31This cap took−0Published score31 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 22
    Category rank21/24 · 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.
    FScore 21
    Category rank19/23 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank11/24 · top 46%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 60
    Category rank2/10 · top 20%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank18/24 · bottom quartile

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

Our read on BFOC

ETF.net Research

DBitcoin with a seatbelt. Most funds in the bitcoin-derivatives aisle just amplify or invert the coin; this First Trust/Vest fund absorbs the first 15% of a one-year drop in its bitcoin reference instrument and caps the upside to pay for it. The dial resets each October.

Stated mandate

The Fund seeks to match the price return of a bitcoin-related reference asset, subject to a 28.46% pre-expense upside cap and a maximum 15% participation in reference-asset losses during the current Target Outcome Period.

Why people hold it

  1. 01Defined mechanics, not vibes: over a 12-month outcome period ending each September 30, the fund is built to eat the first 15% of reference-instrument losses in exchange for a preset upside cap.ftportfolios.com
  2. 02At 0.90% a year, it undercuts the typical bitcoin-derivatives fund, including BITO at 0.95% and BHDG and NGHT at 0.97%. Downside shaping usually costs more, not less.
  3. 03A rare posture in this aisle. Peers here deliver bitcoin straight (BITO) or inverted (BITI); this one reshapes the payoff, and it lands among the stronger overall packages in the group.

Worth knowing

  1. 01The cap is the price of the floor. In a runaway bitcoin year, returns stop at the cap set for that outcome period, so the fund is not built to track big rallies point for point.ftportfolios.com
  2. 02The stated 15% cushion and the cap apply to a full outcome period. Shares bought mid-period get whatever protection and upside remain at that moment, which can be very different.ftportfolios.com
  3. 03Small and thinly traded since its 2025 launch, which tends to mean wider bid-ask spreads than the household-name bitcoin funds.

BFOC Holdings

As of Sep 21, 2026, 5:50 PM
Asset class
Other
Holdings
8
Top-10 weight
1542%
Largest holding
2026-09-30 S&P 500® Mini Index P 2,659.921523.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2026-09-30 S&P 500® Mini Index P 2,659.921523.61%206$39M1
002—2026-09-30 MBTX Index P 229.9716.70%111$427K1
003—US Dollar1.39%35,608$36K394
004—2026-09-30 MBTX Index C 311.130.06%111$2K1

Showing 1–4 of 4 holdings

BFOC Performance

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

BFOC$9,352
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. BFOC $9,352. SPY $11,430. Use the arrow keys to read each point.$9,059$10,353$11,646Dec 2025May 2026Sep 2026

Dec 31, 2025 – 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 BFOC. Periods over one year show the average yearly return.
PeriodBFOC
Year to date−6.5%
1 month−0.6%
3 months+0.5%
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 BFOC
YearReturn barBFOC
2026 YTD−6.5%
2025−9.8%

History from Oct 1, 2025

BFOC in the news

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

BFOC 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 Sep 2025. No distributions yet.

BFOC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Sep 2025; 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 Sep 2025; 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 Sep 2025; 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.
0.05
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.

BFOC 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.

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