Hotbit Will Merge the Shares of Leveraged ETF Products GAL1D5L,BZZ1D5L......BEL1D5L and ARPA1D5L on May 11th, 202

Dear respected users，

Since the net value of leveraged ETF products GAL1D5L,BZZ1D5L,SOS1D5L, SLP1D5L,XRP1D5L, GTC1D5L, OGN1D5L, MASK1D3L, CHR1D5L,AKRO1D5L, WOO1D5L, FTM1D3L, LAT1D3L,DOGE1D3L,NEAR1D3L, OCEAN1D5L,SXP1D5L,CTSI1D5L, KAVA1D5L ,BEL1D5L, and RPA1D5L are lower than 0.1 USDT, which triggers the Share Merging Mechanism. As such, Hotbit will merge the shares of GAL1D5L,BZZ1D5L,SOS1D5L, SLP1D5L,XRP1D5L, GTC1D5L, OGN1D5L, MASK1D3L, CHR1D5L,AKRO1D5L, WOO1D5L, FTM1D3L,  LAT1D3L,DOGE1D3L,NEAR1D3L. OCEAN1D5L,SXP1D5L,CTSI1D5L, KAVA1D5L ,BEL1D5L and ARPA1D5L at 04:00 PM on May 11th, 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 GAL1D5L,BZZ1D5L,SOS1D5L, SLP1D5L,XRP1D5L, GTC1D5L, OGN1D5L, MASK1D3L, CHR1D5L,AKRO1D5L, WOO1D5L, FTM1D3L,  LAT1D3L,DOGE1D3L,NEAR1D3L, OCEAN1D5L,SXP1D5L,CTSI1D5L, KAVA1D5L ,BEL1D5L and ARPA1D5L 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

May 11th, 2022