Since the net value of leveraged ETF products XRP3S and XRP5S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of XRP3S and XRP5S at 19:30 (UTC+8) on February 1.
The 10 shares of XRP3S and XRP5S will be merged into 1 share respectively. Consequently, the net value per share of XRP3S and XRP5S will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.