Since the net value of leveraged ETF products ETH5L, BCH3L, LTC5L and NEAR3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of ETH5L, BCH3L, LTC5L and NEAR3S at 11:30 (UTC+8) on February 26.
The 10 shares of ETH5L, BCH3L, LTC5L and NEAR3S will be merged into 1 share respectively. Consequently, the net value per share of ETH5L, BCH3L, LTC5L and NEAR3S 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.