First Trust Launches Innovative Bitcoin ETFs for Risk-Aware Investors
First Trust Advisors has introduced two new Bitcoin strategy ETFs, expanding its product lineup that already manages over $28 billion in assets. The proclamation came on April 4, revealing the launch of these ETFs this week.
These new Bitcoin ETFs are part of the Floor15 ETF Series, designed for target outcome investing.The FT Vest Bitcoin Strategy Floor15 ETF – April (BFAP) and the FT Vest Bitcoin Strategy & Target Income ETF (DFII) are now listed on the NYSE Arca.
Jeff Chang, president of vest, highlighted the FT Vest Bitcoin Strategy Floor15 ETF – April as a groundbreaking option for risk-managed crypto investing. It offers a defined floor and upside cap, providing investors with a controlled way to engage with Bitcoin while reducing downside risk.
Ryan Issakainen, ETF strategist at First Trust, noted that the launch responds to growing demand for Bitcoin-linked ETFs.BFAP allows investors to participate in Bitcoin’s potential growth with clear downside protection.
DFII, an actively managed fund, invests 80% of its assets in Bitcoin and income-generating investments. It aims to capitalize on Bitcoin’s high volatility by selling call options, helping investors generate income.
First Trust’s Target outcome ETFs have seen a 53% increase in net assets over the past year. With over $28 billion in assets as of February, these new ETFs are expected to attract more investors seeking Bitcoin exposure with managed risk.
