Hotbit Will Merge the Shares of Leveraged ETF Products LINA1D5L, KDA1D5L, OGN1D5L, DUSK1D5L, THETA1D5L, IMX1D5L, NYM1D5S, YFI1F3L, RACA1D5L, HNT1D5L, AAVE1D3L and BSV1D3L on May 17th, 2022

Dear respected users，

Since the net value of leveraged ETF product sLINA1D5L, KDA1D5L, OGN1D5L, DUSK1D5L, THETA1D5L, IMX1D5L, NYM1D5S, YFI1F3L, RACA1D5L, HNT1D5L, AAVE1D3L, and BSV1D3Lare lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of LINA1D5L, KDA1D5L, OGN1D5L, DUSK1D5L, and THETA1D5L, IMX1D5L, NYM1D5S, YFI1F3L, RACA1D5L, HNT1D5L, AAVE1D3L and BSV1D3L at 01:30 AM-02:00 AM on May 17th, 2022 UTC.

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 LINA1D5L, KDA1D5L, OGN1D5L, DUSK1D5L, THETA1D5L, IMX1D5L, NYM1D5S, YFI1F3L, RACA1D5L, HNT1D5L, AAVE1D3L and BSV1D3L on May 1st, 2022 UTC. 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 16th, 2022