MXC Will Merge the Shares of ZEN3S, IOST3S, ZEC3S, XRP4S, ETH5S and NEO3S Leveraged ETFs

Dear Users:

Since the net value of leveraged ETF products ZEN3S, IOST3S, ZEC3S, XRP4S, ETH5S and NEO3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of ZEN3S, IOST3S, ZEC3S, XRP4S, ETH5S and NEO3S at 16:30 (UTC+8) on January 12.

The 10 shares of ZEN3S, IOST3S, ZEC3S, XRP4S, ETH5S and NEO3S will be merged into 1 share respectively. Consequently, the net value per share of ZEN3S, IOST3S, ZEC3S, XRP4S, ETH5S and NEO3S 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:

1. What is "Share Merging Mechanism"

2. Guide for Leverage ETF

3. Leveraged ETF Lecture

4. FAQ for Leveraged ETF

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Enjoying your trade on MXC.

The MXC team

January 11, 2021