Boboo 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 BAL3S LINK3S have fallen below or close to 0.050 USDT, HBTC shares merger mechanism was activated.
We will conduct the said merge of BAL3S LINK3S ETF shares at 17:00, 15 April 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 BAL3S LINK3S 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 BAL3S LINK3S will be suspended and all pending orders will be cancelled;
3) Trading of BAL3S LINK3S 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.
*Investors should be aware of high price volatility in crypto markets.
*All the time and dates mentioned above are based on Universal Time Coordinated (UTC+8).