FT Vest Bitcoin Strategy Floor15 ETF - October
$16.96+0.09 (+0.50%)
- 0.90%
- $3M
- −15.7%
- 0M sh
- $16.87
- low $16.78high $20.09
The ETF.net BFOC Grade
D
Score 32 out of 100
- 18 of 24
Score 32 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
- 32
- This cap took
- −0
- Published Score
- 32
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.F23 out of 100Rank 20 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 9 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 2 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 18 of 24
Our read on BFOC
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.
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
- Defined 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
- At 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.
- A 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
- The 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
- The 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
- Small and thinly traded since its 2025 launch, which tends to mean wider bid-ask spreads than the household-name bitcoin funds.
BFOC Holdings
- Other
- 5
- 1299%
- 2027-10-08 S&P 500® Mini Index P 3,060.60
BFOC 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.
BFOC$8,427
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 | BFOC |
|---|---|
| Year to date | −7.4% |
| 1 month | −0.9% |
| 3 months | −0.4% |
| 1 year | −15.7% |
| 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 | BFOC |
|---|---|---|
| 2026 YTD | −7.4% | |
| 2025 | −9.8% |
BFOC in the news
BFOC Dividends
No distributions in the last 12 months.
BFOC Risk
- —
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.
- —
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.
- −18.5%
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.
- 0.05
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
0.90%
BFOC0.90%
- 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
- CFLAOAllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETFExpense ratio 0.74%1 year return +4.5%
- DSNTHMRP SynthEquity ETFExpense ratio 0.95%1 year return +13.2%
- 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%
- DBFJLFT Vest Bitcoin Strategy Floor15 ETF - JulyExpense ratio 0.90%1 year return −6.5%