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Original FNGU: Launched January 2018.
Ticker change to FNGA on March 3, 2025, to allow for redemption processing of the original ETN
FNGB launched soon after, trading under FNGB as its successor with updated fees and structure .
Changed back to FNGU: After a ~90-day cooling-off period (per NYSE Arca rules), FNGB adopted the FNGU ticker again to leverage brand recognition
The Strategy paused from Jan to March due to the changes and liquidity concerns.
Timeline:
- May 1, 2025: BMO mailed redemption notices for old FNGU.
- May 15, 2025: Old FNGU (now FNGA) fully redeemed and delisted
- June 24, 2025: FNGB transitions to ticker FNGU