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gate Announcement on the merger of (EOS5L, BSV5L, GRT3L, ROSE3L, PEOPLE3L) ETF leveraged Token shares
To enhance the trading experience and optimize price accuracy, gate will sequentially merge the shares of EOS5L, BSV5L, GRT3L, ROSE3L, PEOPLE3L, a total of 5 leveraged ETF Tokens, at 14:00:00 (UTC+8) on March 12, 2025.
Share Consolidation Details:
1. Trading suspended
We will suspend trading of related ETF leveraged tokens in sequence on March 12, 2025, 14:00:00 (UTC+8), and automatically cancel all unfilled orders.
2. Share Consolidation Process
On March 12, 2025 14:00:00 (UTC+8), we will take snapshots of the positions held by users of the merged ETF leveraged tokens in order.
The product shares are merged at a ratio of 1000:1, and the user's position will be reduced to 1/1000 of the previous amount, with the unit net value increasing by 1000 times. The total value of the user's position remains unchanged (without considering the net value change caused by fluctuations in the underlying asset price during the operation).
| Merge Order | Leveraged Token | Ratio | | :--- | :--- | :--- | | 1 | EOS5L | 1000:1 | | 2 | BSV5L | 1000:1 | | 3 | GRT3L | 1000:1| | 4 | ROSE3L | 1000:1 | | 5 | PEOPLE3L | 1000:1 |
The merger is expected to be completed before 16:00:00 (UTC+8) on March 12, 2025. If completed ahead of schedule, trading will resume accordingly.
Important tips
After the share consolidation, the market price will undergo a significant adjustment based on the new net asset value. Please pay attention to the price changes before placing an order. 2. K-line (candlestick chart) data will be adjusted accordingly, gate provides adjusted K-line data to optimize user experience. 3. API users please note that this adjustment may affect your order operations, please update the relevant parameters promptly to ensure smooth trading.
Risk Warning
Leveraged tokens have higher risks due to their built-in leverage mechanism, and price fluctuations may result in significant gains or losses. In addition, due to the rebalancing mechanism, the cumulative returns within a certain period may not fully match the target leverage. Leveraged tokens are mainly suitable for short-term trading and not suitable for long-term holding. Please fully understand the risks involved before trading.
For detailed rules, please refer to the leveraged ETF document in the FAQ center. Leveraged ETF Beginner's Guide (Part 1) https://www.gate.io/zh/help/trade/leverage_tokens/17349 Leveraged ETF Beginner's Guide (Part 2) https://www.gate.io/zh/help/trade/leverage_tokens/17369 ETF leveraged Token animation: https://www.gate.io/zh/help/trade/leverage_tokens/17416
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Gate.io March 11, 2025