Since the net value of leveraged ETF products BEL3S, BLZ3S, CHZ3S, DEFI3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of BEL3S, BLZ3S, CHZ3S, DEFI3S at 11:30 (UTC+8) on March 5.
The 10 shares of BEL3S, BLZ3S, CHZ3S, DEFI3S will be merged into 1 share respectively. Consequently, the net value per share of BEL3S, BLZ3S, CHZ3S, DEFI3S 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.