BFAP FT Vest Bitcoin Strategy Floor15 ETF - April

Absorbs losses from 15.0% to 100.0% on CBTX and caps the gain at 26.8%, over a period ending Apr 9, 2027First Trust0.90% fee$804,499Fund page at the issuer ↗SEC filings ↗Every First Trust fund ETFIQ covers

As of Oct 9, 2026, BFAP is between its buffer and cap, with CBTX up 21.1% since the period began.

12.8%
Can still gain, fund price
24.7%
Fall before the buffer, fund price
85.0%
Protection left, index points
182
Days to reset
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Full floor
Full floorBFAP: reference +21.1% since period start, fund +11.6%; buffer −15 to floor; cap +26.8%; Full floor. Figures to Oct 9, 2026.full floor beneath+21.1% gain capturedfull floor−15.0% buffer start0% period start+26.8% capfirst 15 pts are yours to lose+5.6% more to the capTODAY · CBTX +21.1%Full floorBFAP: reference +21.1% since period start, fund +11.6%; buffer −15 to floor; cap +26.8%; Full floor. Figures to Oct 9, 2026.full floor beneath+21.1%full floor−15.0% buffer start0% start+26.8% capfirst 15 pts are yours to lose+5.6% more to the capTODAY · CBTX +21.1%

BFAP: reference +21.1% since period start, fund +11.6%; buffer −15 to floor; cap +26.8%; Full floor. Figures to Oct 9, 2026.

WindowTotal return
3M Jul 10 – Oct 9, 2026+13.0%
6M Apr 10 – Oct 9, 2026+8.2%
1Y Oct 9, 2025 – Oct 9, 2026−21.9%

Source: ETFIQ.

Money in and out

Daily figures · as of Oct 8, 2026

BFAP: in the 3 trading days to Oct 8, 2026, nothing net moved.

12 months
−$27.8m
−91.7% of $30.3m on Jun 30, 2025
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
Since Apr 2025
+$2.4m
Apr 1, 2025 to Oct 8, 2026
SEC filings, then daily counts
Net flow each trading day
Net flow into BFAP each trading day, Jul 14, 2026 to Oct 9, 2026monthly, from SEC filingsdaily, from First TrustJul 14, 2026Oct 9, 2026

BFAP, net flow each trading day over the 63 sessions from Jul 14, 2026 to Oct 9, 2026: money came in on 0 days and went out on 0 days, of the 3 days with a daily figure; the other 60 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out on the 3 days with daily figures; no daily figure for the other 60 of the 63 trading days.

Net flow into BFAP each trading day, Oct 9, 2025 to Oct 9, 2026monthly, from SEC filingsdaily, from First TrustOct 9, 2025Oct 9, 2026

BFAP, net flow each trading day over the 252 sessions from Oct 9, 2025 to Oct 9, 2026: money came in on 0 days and went out on 0 days, of the 3 days with a daily figure; the other 249 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out on the 3 days with daily figures; no daily figure for the other 249 of the 252 trading days.

Net flow into BFAP each trading day, Mar 10, 2025 to Oct 9, 2026monthly, from SEC filingsdaily, from First TrustMar 10, 2025Oct 9, 2026

BFAP, net flow each trading day over the 400 sessions from Mar 10, 2025 to Oct 9, 2026: money came in on 0 days and went out on 0 days, of the 3 days with a daily figure; the other 397 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

No money in or out on the 3 days with daily figures; no daily figure for the other 397 of the 400 trading days.

Money in, netMoney out, netMonthly basis

ETFIQ’s daily counts for BFAP start Oct 6, 2026, so the 1 week, 1 month, 3 months, year to date and 1 year windows have no daily figure; the longer spans are from its SEC filings. Every day and month ETFIQ holds for BFAP, back to Apr 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare BFAP with other funds in the flows tool

How this is computed

Computed by ETFIQ from First Trust’s daily figures: each day’s change in shares outstanding times the previous day’s net asset value, dated to the day of the count. Each figure is net, money in less money out.

Every trading day, last 3 months3 days
Oct 8, 2026 $0
Oct 7, 2026 $0
Oct 6, 2026 $0 covers 2 trading days

Most recent first.

Week by week, last year1 week
Oct 8, 2026 $0 3 days

Net flow into BFAP each week, Oct 6, 2026 to Oct 8, 2026, most recent first, each week named by its last trading day with a figure. Computed by ETFIQ.

Month by month, money in and money outApr 2025 to Oct 2026

BFAP, money in and money out each month from Apr 2025 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from BFAP’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 16 months listed, money came in on net in 3 and went out in 2.

Every bar is from BFAP’s SEC filings (N-PORT item B.6). Of the 16 months listed, money came in on net in 3 and went out in 2.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 6 to Oct 8$0$0$0
Jun 2026 SEC Form N-PORT+$696k$0+$696k
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT$0$0$0
Mar 2026 SEC Form N-PORT$0$0$0
Feb 2026 SEC Form N-PORT$0$0$0
Jan 2026 SEC Form N-PORT$0$0$0
Dec 2025 SEC Form N-PORT$0$0$0
Nov 2025 SEC Form N-PORT$0$0$0
Oct 2025 SEC Form N-PORT$0$0$0
Sep 2025 SEC Form N-PORT$0−$1.2m−$1.2m
Aug 2025 SEC Form N-PORT$0$0$0
Jul 2025 SEC Form N-PORT+$13.3m−$40.6m−$27.3m
Jun 2025 SEC Form N-PORT+$29.2m$0+$29.2m
May 2025 SEC Form N-PORT$0$0$0
Apr 2025 SEC Form N-PORT+$1.0m$0+$1.0m

Most recent first.

How this is computed

On a month from SEC Form N-PORT, money in is the filing’s sales plus reinvestments and money out its redemptions. On a month that is the sum of its days, money in sums the days money came in and money out the days it went out.

A month from SEC Form N-PORT is sales and reinvestments less redemptions as filed; a later month is the sum of its days, and says so where a day is missing.

In plain words

Reference indexCBTX
Buffer15% to 100%
Outcome periodApr 1, 2026 to Apr 9, 2027
Starting cap+26.8%
CBTX return since period start+21.1%
Fund return since period start+11.6%
Net assets (issuer page, as of Oct 8, 2026)$804,499
Band state today (ETFIQ)Open
Can still gain (issuer, fund price)12.8%
Fall before buffer (issuer, fund price)24.7%
Fall to the buffer in index terms (ETFIQ)29.8%
Protection left in index points (ETFIQ)85.0% of 85.0%
Days left in period182
Expense ratio (issuer page, Oct 9, 2026)0.90%
How this is computed
Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page. How these figures are computed

Questions people ask about BFAP

How much can BFAP still gain?
About 12.8% from its price on Oct 9, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +26.8%.
How far can BFAP fall before the buffer helps?
24.7% in fund-price terms on Oct 9, 2026, by the issuer's figure. In index terms CBTX can fall 29.8% from that level before the buffer begins. Losses until that point are the holder's.
How much of the BFAP buffer is left?
85.0% of the 85.0% buffer sat below the CBTX level on Oct 9, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does BFAP reset?
The outcome period ends on Apr 9, 2027, 182 days from the data on Oct 9, 2026. A new cap is set the next day and the buffer starts again.
What does BFAP cost?
The prospectus expense ratio is 0.90% a year.
Sources and dates
Prices, BFAPTiingo end-of-day · Oct 9, 2026
Fee, 0.90%Issuer page · Oct 9, 2026
Net assets, $804,499Issuer page · Oct 8, 2026

ETFIQ links to the documents behind every figure; a link is not an endorsement.

Cite this page

ETFIQ, BFAP, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/bfap

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
The window, usually twelve months and sometimes six or three, over which the buffer and, where there is one, the cap apply. On its last day the options expire, the fund resets, and fresh terms are struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and fresh terms struck at that day’s level.
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.