BFJLFT Vest Bitcoin Strategy Floor15 ETF - July
Seeks to provide returns that match the price return of a reference asset reflecting the performance of bitcoin, with a cap of 31.26% and a floor of 15%.
By First Trust · Launched 2025
0.90%
#4,723 of 5,861 · expensive
$3M
#5,355 of 5,861 · small
-15.7%
1 year
#4,432 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 fundWhat it actually holds
By weightConcentration
Top 10 holdings = 1575.5% 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 a reference asset reflecting the performance of bitcoin, with a cap of 31.26% and a floor of 15%.
- Strategy
- Invests at least 80% of net assets in options and U.S. Treasury securities to achieve a target outcome strategy, providing a maximum loss of 15% of Bitcoin Reference Instrument losses while capping returns at 31.26%. The strategy is designed to match the performance of the Bitcoin Reference Instrument over the Target Outcome Period.
- Inception date
- June 27, 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