Since the net value of leveraged ETF products XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3L are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3Lat 11:30 (UTC+8) on December 24.
The 10 shares of XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3L will be merged into 1 share respectively. Consequently, the net value per share of XRP3L, XRP4L, SXP3L, BAND3L, KAVA3L, RLC3L, ALGO3L, HNT3L, QTUM3L, ZIL3S, KNC3L, NEO3L and RUNE3L 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.
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