FT Vest Bitcoin Strategy Floor15 ETF - April
BFAP
New York Stock Exchange Arca- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Apr 4, 2025
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP) is an actively managed exchange-traded fund that seeks to provide investors with returns matching the price performance of a Bitcoin Reference Instrument, such as the Cboe Bitcoin U.S. ETF Index or Bitcoin exchange-traded products, up to a predetermined upside cap, while offering downside protection limited to 15% of Bitcoin Reference Instrument losses before fees and expenses over an approximate one-year Target Outcome Period. The fund achieves this target outcome strategy through investments in FLEX Options, standardized listed options, over-the-counter options referencing Bitcoin Exposure Instruments, short-term U.S. Treasury securities, cash equivalents, and Box Spreads; it does not invest directly in bitcoin. Shares trade on the NYSE Arca exchange. First Trust Advisors L.P., based in Wheaton, Illinois, serves as the investment adviser, with Vest Financial LLC acting as sub-adviser and portfolio managers Karan Sood and Trevor Lack overseeing day-to-day operations; First Trust Portfolios L.P., an affiliate, handles distribution. The fund launched on April 3, 2025, as the first in First Trust's Bitcoin strategy ETF series, alongside the FT Vest Bitcoin Strategy & Target Income ETF (DFII), expanding its Target Outcome ETFs lineup that manages over $28 billion in assets as of February 2025. This introduction marks First Trust's strategic entry into risk-managed cryptocurrency exposure amid growing investor demand for bitcoin-linked products with downside hedges. BFAP targets sophisticated investors seeking buffered participation in bitcoin price movements without direct crypto ownership, operating primarily in the U.S. market.