ETF Evaluator:
FT Vest Bitcoin Strat Floor15 ETF - July ()
Follow This ETF
(as of Aug 19)
Best Performing in Digital Assets Over the Last Year
| 1090.2% | Grayscale Zcash Trust (ZEC) (ZCSH) |
| 112.1% | ProShares UltraShort Bitcoin ETF (SBIT) |
| 35.7% | ProShares Short Ether ETF (SETH) |
| 12.3% | Simplify US Equity PLUS Bitcoin Stgy ETF (SPBC) |
| 10.8% | Proshares UltraShort Ether ETF (ETHD) |
Risk
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Risk
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ETF Details
FT Vest Bitcoin Strat Floor15 ETF - July Overview
FT Vest Bitcoin Strat Floor15 ETF - July (BFJL) is an actively managed Miscellaneous Digital Assets exchange-traded fund (ETF). First Trust launched the ETF in 2025.
The investment seeks to provide investors with returns that match the price return of a reference asset which seeks to reflect generally the performance of the price of bitcoin, up to a predetermined upside cap of ___% while providing a maximum loss of 15% of Bitcoin Reference Instrument losses, over the period from July 1, 2025 through June 30, 2026.
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments that are needed to provide exposure to bitcoin and to provide the fund's "floor". The fund is non-diversified.
About FT Vest Bitcoin Strat Floor15 ETF - July (BFJL)
There are 2 members of the management team with an average tenure of 1.09 years: Karan Sood (2025) and Trevor Lack (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
FT Vest Bitcoin Strat Floor15 ETF - July has 10 securities in its portfolio. The top 10 holdings constitute 2436.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
FT Vest Bitcoin Strat Floor15 ETF - July is part of the Other global asset class and is within the Miscellaneous ETF group. FT Vest Bitcoin Strat Floor15 ETF - July has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FT Vest Bitcoin Strat Floor15 ETF - July has 1.8% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BFJL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FT Vest Bitcoin Strat Floor15 ETF - July expense ratio is high compared to funds in the Digital Assets category. FT Vest Bitcoin Strat Floor15 ETF - July has an expense ratio of 0.90%, which is 7% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FT Vest Bitcoin Strat Floor15 ETF - July has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, FT Vest Bitcoin Strat Floor15 ETF - July returned 3.1%, which earned it a grade of C, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
FT Vest Bitcoin Strat Floor15 ETF - July has a trailing yield of 0.50%, which is below the 15.12% category average.
The fund normally distributes its income daily and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
FT Vest Bitcoin Strat Floor15 ETF - July Grades
Year to date, the ETF has returned -5.0%, 25.7 percentage points better than the category, which translates into a grade of A. The fund has returned -15.0% over the past year (grade of A).
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BFJL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BFJL Return (NAV) | 3.1% | 2.6% | -15.0% | na | na | na |
| BFJL Return (Price) | 2.8% | 2.1% | -16.0% | na | na | na |
| NAV +/- Price Return | 0.275% | 0.548% | 1.010% | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| BFJL Grade (NAV) | C | A | A | na | na | na |
| +/- Category (NAV) | 0.1% | 19.4% | 17.1% | na | na | na |
| BFJL Tax-Cost Ratio | na | na | 0.5% | na | na | na |
BFJL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BFJL Return (NAV) | -5.0% | na | na | na | na | na | na | na | na | na | na |
| BFJL Return (Price) | -5.0% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | na | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| BFJL Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 25.7% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 3 Mil |
| Share Class Assets: | $ 3 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.90% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Daily |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.1 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): Sood Karan (2025), Lack Trevor (2025) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 2436.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Inception Date: | June 27, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.90% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
