Since the net value of leveraged ETF product BTC3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of BTC3S at 14:00 (UTC+8), October 28.
The 10 shares of BTC3S will be merged into 1 share. Consequently, the net value per share of BTC3S will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the user’s total asset will stay the same after the merging.
Learn more about leveraged ETF, please visit:
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
October 28, 2020