FT Vest Bitcoin Strategy & Target Income ETF (DFII)

The FT Vest Bitcoin Strategy & Target Income ETF (DFII) is an actively managed fund from First Trust Advisors, with Vest Financial as sub-advisor. It is listed on NYSE Arca.

The fund seeks to combine exposure tied to the price of bitcoin with a targeted level of income. It gains bitcoin exposure indirectly, through bitcoin exchange-traded products, rather than holding the cryptocurrency itself, and it sells options on that exposure to generate income for distribution to shareholders.

Writing options in this way produces premium income but limits how much of bitcoin's upside the fund can capture.