To meet the trading demand of various users, MXC will launch BTC5L and BTC5S leveraged ETFs at 19:30 (UTC+8), December 13. The details are as follows:
BTC5L - 5x leverage long for BTC
BTC5S - 5x leverage short for BTC
The daily management fee rate for BTC5L and BTC5S is 0.25% for each leverage, which will only be charged at 00:00 (UTC+8) each day. If you do not have position at the timepoint, no management fee will be charged.