Dear respected users，
Since the net values of leveraged ETF products CRV1D5S, BLZ1D5S, FLM1D5S BAND1D3S RLC1D5S DOT1D5S, CFX1D5S, LOOKS1D5S, MTL1D5S and AUDIO1D5S are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of CRV1D5S, BLZ1D5S, FLM1D5S BAND1D3S RLC1D5S DOT1D5S, CFX1D5S, LOOKS1D5S, MTL1D5S and AUDIO1D5S at 03:30PM on January 22nd, 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 CRV1D5S, BLZ1D5S, FLM1D5S BAND1D3S RLC1D5S DOT1D5S, CFX1D5S, LOOKS1D5S, MTL1D5S and AUDIO1D5S 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
Hotbit Team
January 22nd, 2023
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