Dear respected users，
Since the net value of leveraged ETF product MKR1D5S is lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of MKR1D5S for 3 times at 01:00 AM on October 10th, 2022 UTC.
Because the price will increase by 10X for 3 times after the merger, the number of users' existing assets will be multiplied by 0.001, meanwhile, the 1,000 shares of MKR1D5S will be merged into 1 share, consequently, the net value per share will be up 1,000 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.
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
Hotbit Team
October 10th, 2022
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