Hotbit Will Merge the Shares of Leveraged ETF Products API31D5L, LOOKS1D5L, ZRX1D5L and SSV1D5L on May 1st, 2023

Dear respected users,

Since the net value of leveraged ETF products API31D5L, LOOKS1D5L, ZRX1D5L and SSV1D5L are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of API31D5L, LOOKS1D5L, ZRX1D5L and SSV1D5L at 02:50 PM UTC on May 1st, 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 API31D5L, LOOKS1D5L, ZRX1D5L and SSV1D5L 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

May 1st, 2023

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