Hotbit Will Merge the Shares of Leveraged ETF Products AXS1D3L, DOGE1D5L, MIR1D3L and XMR1D3L on January 29th, 2022

        Since the net value of leveraged ETF products AXS1D3L, DOGE1D5L, MIR1D3L and XMR1D3L is lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of AXS1D3L, DOGE1D5L, MIR1D3L and XMR1D3L at 01:30 AM-02:00 AM on January 29th, 2022 UTC.

        Because the price will increase by 10X after the merger, the number of users' existing assets will be multiplied by 0.1, meanwhile, the 10 shares of AXS1D3L, DOGE1D5L, MIR1D3L and XMR1D3L will be merged into 1 share, consequently, the net value per share will be up 10 times and user's holding amount will be down to 1/10. In this connection, the user’s total assets will stay the same after the merging. 

The net value conversion is based on the net balance at the time of the merger.

About leveraged ETF, for more details: Leveraged ETF FAQ

                                                                 What is merge？

Hotbit Team

January 28th, 2022