Dear users,
Since the net value of leveraged ETF products AXS3S, ALPHA3S, XRP4S, BZRX3S, LTC3S and COMP3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC has merged the shares of AXS3S, ALPHA3S, XRP4S, BZRX3S, LTC3S and COMP3S at 23:30 (UTC+8) on April 5.
The 10 shares of AXS3S, ALPHA3S, XRP4S, BZRX3S, LTC3S and COMP3S will be merged into 1 share respectively. Consequently, the net value per share of AXS3S, ALPHA3S, XRP4S, BZRX3S, LTC3S and COMP3S 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:
- What is "Share Merging Mechanism"
- Guide for Leverage ETF
- Leveraged ETF Lecture
- FAQ for Leveraged ETF
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Enjoy your trade on MXC.
The MXC team
April 5, 2021
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