First Trust Global Tactical Commodity Strategy Fund (FTGCON) price

FTGCON tracks First Trust Global Tactical Commodity Strategy Fund, a fund spreading exposure across many commodities, or across companies in the agriculture and food supply chain. Its price follows the fund's share price.

Funds holding commodity futures roll their contracts forward as they expire, which can make them drift from spot prices over time. Agribusiness funds follow company profits and the stock market.

Tokenized asset from Ondo Finance representing First Trust Global Tactical Commodity Strategy Fund (Ondo Tokenized).

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FTGCON contract address

ivBnfPTyuHDNWmMSnbavckhJK6SHZW8h77nZKsEondo

Ticker

FTGCON

Issuer

Ondo Finance

Status

Verified

FTGCON is issued by Ondo Finance. Ondo Finance issues its tokenized stocks and ETFs through Ondo Global Markets, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. FTGCON tracks the price of First Trust Global Tactical Commodity Strategy Fund, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Ondo Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping FTGCON, and it does not issue, back, or custody the token.

The price of FTGCON on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Ondo Finance folds it into the token instead of paying it out, so each FTGCON comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

FTGCON can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of FTGCON comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for FTGCON is 1.0175. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

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