Since the net value of leveraged ETF products AXS3S, OMG3L, ONT3L and XTZ3L are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of AXS3S, OMG3L, ONT3L and XTZ3L at 12:30 (UTC+8), December 9.
The 10 shares of AXS3S, OMG3L, ONT3L and XTZ3L will be merged into 1 share respectively. Consequently, the net value per share of AXS3S, OMG3L, ONT3L and XTZ3L will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.