Announcement on ETF Leveraged Tokens Share Merge for BCH5S, UNI5L, SHIB5L, DOT5L, ASTR3L

To enhance the trading experience and improve price precision, Gate will conduct a share merge for multiple ETF Leveraged Tokens at 06:00:00 AM on March 7, 2025 (UTC).

Details of the Share Merge:

Suspension of Trading

We will suspend trading for the affected ETF Leveraged Tokens at 05:55:00 AM on March 7, 2025 (UTC). All open orders will be automatically canceled at this time.

Share Merge Process

At 06:00:00 AM on March 7, 2025 (UTC), we will take a snapshot of users’ ETF Leveraged Token balances and merge shares at the 1000:1 ratio sequentially.

For example, 1,000 old BCH5S tokens will be merged into 1 new BCH5S token, while the unit net asset value (NAV) will increase accordingly.

The share merge process is expected to be completed by 07:30:00 AM on March 7, 2025 (UTC). If the process is completed earlier, trading will resume accordingly.

Important Notes

1. After the merge, market prices will be significantly adjusted based on the new unit NAV. Please pay close attention to price changes when placing orders.
2. K-line (candlestick) data will be adjusted accordingly. Gate provides adjusted K-line data to optimize the user experience.
3. API users should be aware that this adjustment may affect order placement. Please update your parameters accordingly to ensure smooth trading.

Risk Warning

Leveraged Tokens carry high risk due to their built-in leverage mechanism. Price fluctuations may lead to significant gains or losses. Additionally, due to scheduled and unscheduled rebalancing, the actual return over a period may not always match the target leverage multiple. These products are primarily designed for short-term trading and are not suitable for long-term holding. Please fully understand the risks before participating.

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Gate Team
March 6, 2025