Hotbit Will Merge the Shares of Leveraged ETF Products OCEAN1D5S,BTC1D5S,API1D3 5S and ETH1D3S on January 21st, 2023

Dear respected users，

Since the net values of leveraged ETF products OCEAN1D5S,BTC1D5S,API1D3 5S and ETH1D3S are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of OCEAN1D5S,BTC1D5S,API1D3 5S and ETH1D3Sat 12:40AM on January 21st, 2023.

Because the price will increase by 10X after the merger, the number of users' existing assets will be multiplied by 0.1, meanwhile, the 10 shares of OCEAN1D5S,BTC1D5S,API1D3 5S and ETH1D3S will be merged into 1 share, consequently, the net value per share will be up 10 times and user's holding amount will be down to 1/10. In this connection, the user’s total assets will stay the same after the merging.

The net value conversion is based on the net balance at the time of the merger.

About leveraged ETF, for more details:Leveraged ETF FAQ

What is merge?

Hotbit Team

January 21st, 2023