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Hotbit Will Merge the Shares of Leveraged ETF Products HOT1D5S, CTSI1D5S, ZEC1D5S, LINA1D5S, CRV1D3S and BLZ1D5S on August 6th, 2022

작성자 핫빗 조회수 15 작성일 22.08.06  00:39

Dear respected users,

Since the net value of leveraged ETF products HOT1D5S, CTSI1D5S, ZEC1D5S, LINA1D5S, CRV1D3S and BLZ1D5S are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of HOT1D5S, CTSI1D5S, ZEC1D5S, LINA1D5S, CRV1D3S and BLZ1D5S at 01:30 AM-02:00 AM on August 6th, 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 HOT1D5S, CTSI1D5S, ZEC1D5S, LINA1D5S, CRV1D3S and BLZ1D5S 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

August 5th, 2022

 

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