Since the net value of leveraged ETF products UNFI1D5L, GTC1D5L, KNC1D3L and SKL1D5L are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of UNFI1D5L, GTC1D5L, KNC1D3L And SKL1D5L at 11:25 AM on October 13rd, 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 UNFI1D5L, GTC1D5L, KNC1D3L and SKL1D5L 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
October 13th, 2022
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