{
 "ticker": "BFAP",
 "name": "FT Vest Bitcoin Strategy Floor15 ETF - April",
 "issuer": "First Trust",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/bfap",
 "html": "https://etfiq.com/funds/bfap",
 "markdown": "https://etfiq.com/funds/bfap.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BFAP is between its buffer and cap, with CBTX up 21.1% since the period began.",
 "key_facts": [
  {
   "key": "can_still_gain_fund_price",
   "label": "Can still gain, fund price",
   "value": "12.8%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BFAP, can still gain, fund price: 12.8%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffer_fund_price",
   "label": "Fall before the buffer, fund price",
   "value": "24.7%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BFAP, fall before the buffer, fund price: 24.7%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_index_points",
   "label": "Protection left, index points",
   "value": "85.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BFAP, protection left, index points: 85.0%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_reset",
   "label": "Days to reset",
   "value": "182",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BFAP, days to reset: 182, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$804,499",
   "source": "issuer page, as of Oct 8, 2026",
   "as_of": "2026-10-09",
   "sentence": "BFAP, net assets: $804,499 (issuer page, as of Oct 8, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.90%",
   "source": "issuer page, Oct 9, 2026",
   "as_of": "2026-10-09",
   "sentence": "BFAP, expense ratio: 0.90% (issuer page, Oct 9, 2026)."
  }
 ],
 "fields": [
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "CBTX",
   "source": null
  },
  {
   "key": "buffer",
   "label": "Buffer",
   "value": "15% to 100%",
   "source": null
  },
  {
   "key": "outcome_period",
   "label": "Outcome period",
   "value": "Apr 1, 2026 to Apr 9, 2027",
   "source": null
  },
  {
   "key": "starting_cap",
   "label": "Starting cap",
   "value": "+26.8%",
   "source": null
  },
  {
   "key": "cbtx_return_since_period_start",
   "label": "CBTX return since period start",
   "value": "+21.1%",
   "source": null
  },
  {
   "key": "fund_return_since_period_start",
   "label": "Fund return since period start",
   "value": "+11.6%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$804,499",
   "source": "issuer page, as of Oct 8, 2026"
  },
  {
   "key": "band_state_today",
   "label": "Band state today",
   "value": "Open",
   "source": "ETFIQ"
  },
  {
   "key": "can_still_gain",
   "label": "Can still gain",
   "value": "12.8%",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_before_buffer",
   "label": "Fall before buffer",
   "value": "24.7%",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_to_the_buffer_in_index_terms",
   "label": "Fall to the buffer in index terms",
   "value": "29.8%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_in_index_points",
   "label": "Protection left in index points",
   "value": "85.0% of 85.0%",
   "source": "ETFIQ"
  },
  {
   "key": "days_left_in_period",
   "label": "Days left in period",
   "value": "182",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.90%",
   "source": "issuer page, Oct 9, 2026"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+13.0%"
  },
  {
   "window": "6 months",
   "Total return": "+8.2%"
  },
  {
   "window": "1 year",
   "Total return": "\u221221.9%"
  }
 ],
 "questions": [
  {
   "q": "How much can BFAP still gain?",
   "a": "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%."
  },
  {
   "q": "How far can BFAP fall before the buffer helps?",
   "a": "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."
  },
  {
   "q": "How much of the BFAP buffer is left?",
   "a": "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."
  },
  {
   "q": "When does BFAP reset?",
   "a": "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."
  },
  {
   "q": "What does BFAP cost?",
   "a": "The prospectus expense ratio is 0.90% a year."
  }
 ],
 "flows": {
  "as_of": "2026-10-08",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/bfap.json",
  "windows": [],
  "latest_month": {
   "month": "2026-10",
   "net_flow_usd": 0,
   "net_flow": "$0",
   "source": "ETFIQ, the sum of its days, Oct 6 to Oct 8"
  }
 },
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, BFAP, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/bfap"
}