FT Vest Bitcoin Strategy Floor15 ETF - July
BFJL
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
- Jul 1, 2025
- CIK
- 0001259542
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest Bitcoin Strategy Floor15 ETF - July (BFJL) is an exchange-traded fund that seeks to provide investors with participation in the price return of a Bitcoin Reference Instrument, subject to a cap on potential investment gains and a floor on potential investment losses of 15% of Bitcoin Reference Instrument declines over a defined Target Outcome Period ending in July of each year; the fund employs a collar options strategy using FLEX Options, standardized listed options, and over-the-counter options on the Bitcoin Reference Instrument and the S&P 500 Index, including synthetic long and short positions via box spreads, calls, and puts with strikes such as MBTX Index C 293.20, MBTX Index P 216.72, S&P 500 Mini Index P 2,475.44, and others held as of late 2025. The Bitcoin Reference Instrument is an index tracking Bitcoin exchange-traded products that aim to mirror bitcoin's price movements but are not registered under the 1940 Act and subject to premiums, discounts, volatility, and liquidity risks distinct from direct bitcoin ownership. BFJL does not guarantee the floor or cap outcomes, particularly for shares purchased after the Target Outcome Period begins or sold before it ends, and new caps are set at each period's start based on market conditions, interest rates, and counterparty availability. Operated as part of the First Trust Exchange-Traded Fund VIII series under First Trust Advisors L.P. (headquartered in Wheaton, Illinois, founded in 1991) in partnership with Vest Financial LLC for Target Outcome strategies, BFJL trades on the Cboe BZX exchange with an expense ratio of 0.90%, total net assets around $3.7-4.08 million, and approximately 200,000 shares outstanding as of late 2025. The fund targets investors seeking buffered exposure to bitcoin's performance in a derivative-based structure classified under Currency: Long BTC, Short USD pair trading via options collar on a single asset, within the specialty Target Outcome Funds Floor Series segment. Geographic operations focus on U.S.-listed securities with global bitcoin exposure through the reference index, serving retail and institutional investors via secondary market trading or authorized participant creations/redemptions. Recent developments include the fund's ongoing Target Outcome Period through June 30, 2026, with holdings adjustments reflecting current option positions as of October 7, 2025, amid a maturing bitcoin ETP ecosystem; no major acquisitions, funding rounds, or name changes reported in the past 1-2 years, though First Trust announced proposed reorganizations of four Vest mutual funds and new Target Outcome ETF launches in 2025, alongside exchange listing of related products like First Trust Enhanced Stocks, Bonds & Gold ETF in November 2025. BFJL remains a niche, low-asset fund with high concentration (100% in top holdings), no dividends distributed to date, and performance data pending longer history, maintaining its strategy amid bitcoin market volatility.