Hotbit Will Merge the Shares of Leveraged ETF Products SWRV1D5S on June 26th, 2022.

Dear respected users，

Since the net value of leveraged ETF products SWRV1D5S is lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of SWRV1D5S for 4 times on 07:38 PM UTC June 26th, 2022 UTC.

Because the SWRV1D5S price will increase by 10X for 4 times after the merger, the number of users' existing assets will be multiplied by 0.0001. Meanwhile, the 10000 shares of SWRV1D5S will be merged into 1 share, consequently, the net value per SWRV1D5S share will be up 10000 times and user's holding amount will be down to 1/10000;

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

June 26th, 2022