Since the net value of leveraged ETF product FIL3L is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of FIL3L at 23:00 (UTC+8), October 18.
The 10 shares of FIL3L will be merged into 1 share. Consequently, the net value per share of FIL3L will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the 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
October 18, 2020