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Hotbit Will Merge the Shares of Leveraged ETF Product RLC1D5S on November 24th, 2022

작성자 핫빗 조회수 11 작성일 22.11.24  15:03

Dear respected users,

Since the net value of leveraged ETF product RLC1D5S is lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of RLC1D5S at 06:40 AM on November 24th, 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 RLC1D5S 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

November 24th 2022

 

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