BFAPFT Vest Bitcoin Strategy Floor15 ETF - April
Seeks to provide returns that match the price return of bitcoin with a maximum loss of 15% over the Target Outcome Period.
By First Trust · Launched 2025
0.90%
#4,723 of 5,861 · expensive
$2M
#5,496 of 5,861 · small
-30.4%
1 year
#4,223 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
CryptocurrencyStrategy
Structured outcome
What it actually holds
By weightConcentration
Top 9 holdings = 99.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide returns that match the price return of bitcoin with a maximum loss of 15% over the Target Outcome Period.
- Strategy
- Invests primarily in options and U.S. Treasury securities to achieve a target outcome strategy that provides upside participation in bitcoin returns up to a cap of 26.79% while limiting losses to 15%. The Fund does not invest directly in bitcoin.
- Inception date
- April 3, 2025
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04