QBFInnovator Uncapped Bitcoin 20 Floor ETF - Quarterly
Seeks to provide investors with investment results that participate in a percentage of any positive price returns of bitcoin while providing a maximum loss of 20%.
By Innovator ETFs · Launched 2025
0.79%
#4,215 of 5,861 · expensive
$13M
#4,744 of 5,861 · small
-44.0%
1 year
#4,058 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 4 holdings = 100.1% 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
- Cboe BZX
Full fund details
- Objective
- Seeks to provide investors with investment results that participate in a percentage of any positive price returns of bitcoin while providing a maximum loss of 20%.
- Strategy
- Actively managed ETF that invests at least 80% of net assets in investments providing exposure to bitcoin via FLEX Options referencing the Bitcoin ETP Index. Aims to participate in 67% of positive bitcoin price returns while limiting losses to 20% over each three-month Outcome Period.
- Inception date
- February 5, 2025
- Fund family
- Innovator ETFs
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