BFAP ETF — FT Vest Bitcoin Strategy Floor15 ETF - April

FT Vest Bitcoin Strategy Floor15 ETF - April (BFAP)

Updated October 16, 2026.

BFAP is an ETF. its trailing-12-month yield is 21.39%, its expense ratio is 0.90%. Dividend Vision Distribution Safety Score™ is 11/100 (Unproven). Total return is -3.4% over the past 1.5 years, 57.0 points behind SPY at 53.6%.

This ETF from First Trust invests at least 80% of its net assets in bitcoin exposure combined with investments designed to provide a price floor mechanism, with an expense ratio of 0.90%. The fund distributes annually, though the latest distribution was a special or one-time payout and may not recur on a regular basis. It appeals to investors seeking bitcoin exposure with downside protection, though the non-diversified structure concentrates risk in a single asset class.

BFAP performance versus SPY

Price and return data through 2026-10-16.

Total return is -3.4% over the past 1.5 years, 57.0 points behind SPY at 53.6%. Over the past year its total return — price change plus distributions reinvested — is -19.0%. Its deepest 1-year drawdown was 32.9%.

BFAP key facts

Distribution Safety Score™

11 · Unproven

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

04/03/2025

Expense ratio

0.90%

Distribution frequency

Annual

Trailing yield

21.39%

Last close

$16.10 (as of 2026-10-16)

AUM

$808,172

Average volume

21.0

Dividend

$3.443

Ex-dividend date

12/29/2025

Payment date

12/31/2025

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (21.39%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BFAP risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 32.9%.

Who may consider BFAP — and who may not

It is a weaker fit for investors who need monthly cash flow (BFAP pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BFAP

• All tickers starting with B

Tagged: Bitcoin, Crypto, Single.

Frequently asked questions

More securities from First Trust.