Since the net value of leveraged ETF products FTT3L&GAL3L are lower than 0.1 USDT and trigger the Share Merging Mechanism. As such, MEXC will merge the shares of FTT3L&GAL3L at 2022-08-15 13:00 PM (UTC).
The 10 share of FTT3L&GAL3L will be merged into 1 share. Consequently, the net value per share of FTT3L&GAL3L 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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The MEXC Team,
15 August 2022