BFOCFT Vest Bitcoin Strat Floor15 ETF - Oct
Seeks to match the price return of bitcoin with a cap of 28.46% and a floor limiting losses to 15%.
By First Trust · Launched 2025
0.90%
#4,535 of 5,562 · expensive
$8M
#4,872 of 5,562 · small
N/A
9 months
#4,813 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
CryptocurrencyStrategy
Structured outcome
Index tracked
CME CF Bitcoin Reference Rate - New York Variant
What it actually holds
By weightConcentration
Top 10 holdings = 1458.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to match the price return of bitcoin with a cap of 28.46% and a floor limiting losses to 15%.
- Strategy
- Invests primarily in options referencing the Bitcoin Reference Instrument and short-term U.S. Treasury securities to implement a target outcome strategy. Aims to provide returns matching bitcoin's performance up to the cap while protecting against losses beyond the floor.
- Inception date
- September 30, 2025
- Fund family
- First Trust
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
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 2026-06-19