Key stats
About FT Vest Bitcoin Strategy Floor15 ETF - July
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Inception date
Jun 30, 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 US33733E6822
BJFL 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 July, 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.
Related funds
Classification
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants97.62%
Cash2.38%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BFJL trades at 16.99 USD today, its price has risen 0.63% in the past 24 hours. Track more dynamics on BFJL price chart.
BFJL net asset value is 16.99 today — it's fallen 9.20% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BFJL assets under management is 3.37 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BFJL price has fallen by −7.53% over the last month, and its yearly performance shows a −15.24% decrease. See more dynamics on BFJL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −9.20% over the last month, showed a −14.08% decrease in three-month performance and has decreased by −6.23% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −9.20% over the last month, showed a −14.08% decrease in three-month performance and has decreased by −6.23% in a year.
BFJL fund flows account for 4.15 M 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BFJL invests in cash. See more details in our Analysis section.
BFJL expense ratio is 0.90%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BFJL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, BFJL pays dividends to its holders with the dividend yield of 0.87%.
BFJL trades at a premium (0.01%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BFJL shares are issued by AJM Ventures LLC
BFJL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 30, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.