FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP)
FT Vest Bitcoin Strategy Floor15 ETF - April operates in the Asset Management - Cryptocurrency industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $14.20, up 0.03% on the session, giving a market capitalisation of $1.5M. Its beta of 1.14 implies it has historically moved more than the broad market.
The FT Vest Bitcoin Strategy Floor15 ETF - April (referred to as "the Fund") has been established with the primary goal of delivering returns to investors that closely track the price movements of a designated Bitcoin-related benchmark, termed the "Bitcoin Reference Instrument," prior to any deductions for fees or expenses. This investment strategy, effective from April 4, 2025, through March 31, 2026, is structured to offer exposure to Bitcoin's performance within specific boundaries. While aiming to capture the upside potential, the Fund's gains are capped at a predetermined 34.51% (excluding fees and expenses). Crucially, it also incorporates a protective element, limiting the Fund's potential losses to a maximum of 15% (before fees and expenses), even if the Bitcoin Reference Instrument experiences a more significant decline.
FT Vest Bitcoin Strategy Floor15 ETF - April is most often compared with the following Financial Services names: