HBTC has anticipated huge market volatility for the past 24 hours. HBTC will conduct a merger of ETF shares without affecting users' experience.
As the net value of FIL3S has fallen to below 0.050 USDT, HBTC shares merger mechanism was activated.
We will conduct the said merge of FIL3S ETF shares at 09:00, 16 February 2021 (UTC+8). This will affect the number of ETF positions and its unit net value but the total value of position will not change. The net value of the position may fluctuate during the shares merger period. The specific rules are as follows:
1) The ratio of FIL3S ETF shares merger is 20:1. Users' holding will be reduced by 1/20 based on the last available amount while the net value per unit will increase by 20 times;
2) Before the shares merger, trading of FIL3S will be suspended and all pending orders will be cancelled;
3) Trading of FIL3S will resume after the shares merger is completed. Please note that when trading resumes, the market price may change significantly based on the new net value of the unit. Please be cautious of any price changes while placing an order;
4) After the shares are merged, K-line may change due to price changes.
For more information about HBTC Leveraged ETF products, kindly refer to the following documents:
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
15 February 2021