Since the net value of leveraged ETF product BAL3L is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of BAL3L at 22:00 (UTC+8), September 20.
The 10 shares of BAL3L will be merged into 1 share. Consequently, the net value per share of BAL3L 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:
Find us on:
MXC trading: https://t.me/MXCtrade
Register an account of MXC here:
Enjoying your trade on MXC.
The MXC team
September 20, 2020