Since the net value of leveraged ETF products GRT3S, CRV3S, CVC3S, YFI3S, and BCH4S are lower than 0.05 USDT respectively, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of GRT3S, CRV3S, CVC3S, YFI3S and BCH4S at 13:00 (UTC+8) on Fe 12.
The 10 shares of GRT3S, CRV3S, CVC3S, YFI3S and BCH4S will be merged into 1 share respectively. Consequently, the net value per share of GRT3S, CRV3S, CVC3S, YFI3S and BCH4S 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.
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The MXC team
Feb 12, 2021