Key stats
About FT Vest Bitcoin Strategy Floor15 ETF April
Home page
Inception date
Apr 3, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
Identifiers
3
ISIN US33733E7739
BFAP is actively managed and aims to provide the price returns of spot bitcoin, up to a predetermined cap, while also hedging further declines once the first 15% loss is realized. This structured exposure is for a one-year period, starting in April, using FLEX options. There are three components to understand with this type of ETF: the cap, the hedge/floor, and the outcome period. The cap is placed on the upside participation to generate some income to help offset the cost of the downside hedge. This structured cap and hedge are held over an outcome period, which is one year in this case. Once the outcome period expires, new FLEX options are created to reset the cap level and downside hedge for the new price level of bitcoin. The outcome advertised may only be attempted for an investor who holds shares on the first day of the outcome period and continues to hold them on the last day of the outcome period.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants98.87%
Cash1.13%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BFAP last dividends amounted to 3.19 USD. The year before, the issuer paid 0.25 USD in dividends, which shows a 92.17% increase.
BFAP assets under management is 1.82 M USD. It's risen 2.36% over the last month.
BFAP fund flows account for 918.75 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BFAP pays dividends to its holders with the dividend yield of 1.35%. The last dividend (Dec 31, 2025) amounted to 3.44 USD. The dividends are paid annually.
BFAP shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Apr 3, 2025, and its management style is Active.
BFAP expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
BFAP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BFAP invests in cash.
BFAP price has risen by 1.96% over the last month, and its yearly performance shows a −6.98% decrease. See more dynamics on BFAP price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −14.57% over the last month, showed a −24.29% decrease in three-month performance and has increased by 1.48% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −14.57% over the last month, showed a −24.29% decrease in three-month performance and has increased by 1.48% in a year.
BFAP trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.