Since the net value of leveraged ETF products MTL3S is lower than 0.1 USDT respectively, they trigger the Share Merging Mechanism. As such, MEXC has merged the shares of MTL3S at 2021-08-31 16:30 PM (UTC).
The 10 shares of MTL3S will be merged into 1 share respectively. Consequently, the net value per share of MTL3S 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.
Learn more about leveraged ETF, please visit:
- What is "Share Merging Mechanism"
- Guide for Leverage ETF
- Leveraged ETF Lectures
- FAQ for Leveraged ETF
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