FT Vest Bitcoin Strategy & Target Income ETF
$14.36−0.30 (−2.05%)
- Expense ratio
- 0.85%
- Fund size
- $22M
- 1Y return
- −26.0%
- Yield · Last 12 months
- 19.44%
- Holdings
- 7
- Volume · 30D
- 0M sh
- NAV per share
- $14.68
- 52W range
The ETF.net DFII Grade
Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 50Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 39Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 72Category rank
Our read on DFII
CA bitcoin income fund that never owns a coin. First Trust's Vest team sells options on bitcoin ETPs to fund a monthly payout targeted 15% above one-month Treasury rates, trading away part of bitcoin's upside for cash flow.
The Fund seeks partial participation in bitcoin returns while generating a high level of income. It uses options referencing Bitcoin Exposure Instruments rather than investing directly in bitcoin.
Why people hold it
- The payout policy is written down, not improvised: a target income level 15% above the one-month Treasury distribution rate, paid monthly.ftportfolios.com
- No coins, keys, or exchange accounts. Exposure runs through options on bitcoin ETPs held inside an ordinary 1940 Act fund you buy in a brokerage account.sec.gov
- 0.85% a year, which sits below the median fee in its crypto options-income peer group.sec.gov
- Part of First Trust Vest's target-income lineup, the firm's options-overlay machinery aimed at bitcoin instead of an equity index.ftportfolios.com
Worth knowing
- Partial participation is the bargain. The options that fund the income also clip the upside, so the fund is built to lag bitcoin in a strong run.ftportfolios.com
- Distributions can include return of capital, meaning some of a payout may be your own principal handed back rather than income the fund earned.ftportfolios.com
- Launched in 2025 and small, so it trades lightly next to bigger crypto-income names and carries a short record through a full crypto cycle.
DFII Holdings
- Other
- 7
- 1285%
- 2026-09-30 S&P 500® Mini Index P 2,997.64
DFII Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | DFII |
|---|---|
| Year to date | −6.1% |
| 1 month | +10.7% |
| 3 months | +27.0% |
| 1 year | −26.0% |
| 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 | DFII |
|---|---|---|
| 2026 YTD | −6.1% | |
| 2025 | +5.8% |
DFII in the news
ETF.net Research hasn’t filed on DFII yet — coverage lands here as it’s written.
DFII Dividends
- 19.44%
- $2.85
- $0.20 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 2, 2026 | $0.20 |
| Aug 3, 2026 | Aug 4, 2026 | $0.18 |
| Jul 1, 2026 | Jul 2, 2026 | $0.17 |
| Jun 1, 2026 | Jun 2, 2026 | $0.21 |
| May 1, 2026 | May 4, 2026 | $0.21 |
| Apr 1, 2026 | Apr 2, 2026 | $0.19 |
| Mar 2, 2026 | Mar 3, 2026 | $0.20 |
| Feb 2, 2026 | Feb 3, 2026 | $0.25 |
| Jan 2, 2026 | Jan 5, 2026 | $0.26 |
| Dec 1, 2025 | Dec 2, 2025 | $0.28 |
| Nov 3, 2025 | Nov 4, 2025 | $0.33 |
| Oct 1, 2025 | Oct 2, 2025 | $0.37 |
DFII Risk
- 39.2%
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.
- −0.31
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.
- −51.0%
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.
- 1.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DFII Cost
- The middle half of Crypto Option Income funds
- Median 0.85%
9 of the 21 Crypto Option Income funds charge less.