Daily Market Updates: ftPUT NFT buying transfers remaining FT tokens and redemption rights

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At close · Mon, Oct 5, 2026

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ftPUT NFT buying transfers remaining FT tokens and redemption rights

Reported · Written up by our desk · Market Structure

Flying Tulip’s NFT options market volume has topped $5 million, according to comments attributed to Cronje.

The process differs by purchase type: buying an ftPUT NFT transfers the buyer’s remaining FT tokens and redemption rights.

By contrast, spot FT purchases do not include that protection, leaving redemption rights untransferred compared with the ftPUT structure.

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Sources

The DefiantFlying Tulip’s NFT Options Market Tops $5 Million in Volume, Cronje Says

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