A Nasdaq-listed fintech company just did something it’s now done three times since January: shrink its own share count to stay above the exchange’s minimum bid price. Bitcoin sits nearly 40% below its October high. A new ETF just launched specifically to help investors stomach swings that size without giving up all the upside.
Future FinTech Group Executes Third Reverse Stock Split Since January
Future FinTech Group Inc. (Nasdaq: FTFT) announced on August 26 that its board approved a 1-for-4 reverse stock split, effective 4pm Eastern on August 28. Shares begin trading split-adjusted, under a new CUSIP, on August 31. The board didn’t need shareholder approval under Florida corporate law, and didn’t seek it. This is the third time Future FinTech has executed the identical 1-for-4 split since January. The first took effect January 20. The second took effect July 13. Now a third, seven months later.
Each split serves the same purpose: keeping the stock above Nasdaq’s minimum bid price. Between splits, the share count has climbed back up. The January split cut shares outstanding from about 20.2 million to roughly 5 million. By July, the count had grown back to about 7.5 million before that split brought it down to roughly 1.9 million. Simply Wall St flagged shareholders as substantially diluted, noting an over 8-fold increase in shares outstanding within the past year. Future FinTech’s stock has fallen 32% over the past 12 months and 31% in the past month alone, at a market capitalization of roughly $43 million.
Hedgeye Launches Hedged Bitcoin ETF as Bitcoin Trades 38% Below Its October High
Hedgeye Asset Management launched the Hedgeye Hedged Bitcoin ETF, ticker HBIT, on NYSE Arca this week. The fund doesn’t hold Bitcoin directly. It invests in existing spot Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), then layers an actively managed options strategy on top, buying and selling puts and calls based on Hedgeye’s proprietary Risk Range Signals. The fund can adjust its options positioning daily. As of August 26, Bitcoin traded near $78,000, about 38% below its October 2025 high near $126,000.
Hedgeye first filed for the fund with the SEC in June. The pitch is straightforward. Spot Bitcoin ETFs like IBIT already exist for investors who want raw exposure. HBIT targets a different buyer, one who wants Bitcoin’s long-term upside without holding through its full drawdowns. That hedge isn’t free. Options overlays cost money to run and can cap gains during sharp rallies, a tradeoff Hedgeye’s own materials describe as inherent to the strategy.
FTFT, HBIT: Forward-Looking FAQ
Unclear. Nasdaq compliance periods aren’t unlimited, and repeated reverse splits without an underlying business turnaround tend to draw closer exchange scrutiny on subsequent occurrences. The company hasn’t addressed what happens if a fourth split becomes necessary.
No. Hedgeye’s own materials describe the strategy as reducing volatility and managing downside risk, not eliminating it. The options positioning adjusts daily based on proprietary signals, but a strategy built to dampen swings still participates in large moves to some degree, in both directions.
Likely, though none has been announced yet. HBIT enters a crypto ETF market that moved quickly from a single approval category, spot Bitcoin, to increasingly specific risk profiles, and asset managers have historically moved fast to copy a structure once one clears regulatory approval and draws investor interest.
Sources
- GlobeNewswire: Future Fintech Group Announces Reverse Stock Split, August 26, 2026
- TipRanks: Future FinTech Group Implements 1-for-4 Reverse Stock Split, January 14, 2026
- Simply Wall St: Future FinTech Group (Nasdaq: FTFT) Stock Analysis
- PR Newswire: HAM Launches Hedgeye Hedged Bitcoin ETF (HBIT) to Help Manage Bitcoin Volatility, August 26, 2026
- Bitcoinist: Hedgeye’s New Bitcoin ETF Targets One of BTC’s Biggest Problems, June 2026
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