Hotbit Will Merge the Shares of Leveraged ETF Products IMX1D5S and YFI1D3S on March 14th, 2023

Dear respected users，

Since the net value of leveraged ETF products IMX1D5S and YFI1D3S is lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of IMX1D5S and YFI1D3S at 01:05 PM UTC on March 14th, 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 IMX1D5S and YFI1D3S 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

March 14th, 2023

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