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 are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of SWRV1D5S three times on 06:38PM UTC June 26th, 2022 UTC.

Because the SWRV1D5S price will increase by 10X for 3 times  after the merger, the number of users' existing assets will be multiplied by 0.001.

The 1000 shares of SWRV1D5S will be merged into 1 share, consequently, the net value per share will be up 1000 times and user's holding amount will be down to 1/1000. In this connection, the user’s total assets will stay the same after the merging. 

About leveraged ETF, for more details: Leveraged ETF FAQ

                                                                 What is merge？

Hotbit Team

June 26th, 2022