Regarding ETFs (AMPL3S，EOS5L) Reverse Split
1) AMPL3S will have a 1-for-1000
reverse split. After the split is completed, the number of ETF shares
held by users will become 1/1000 that before the split , and the unit
value will be 1000 times that before the split.
2) EOS5L will have a
1-for-1000 reverse split. After the split is completed, the number of
ETF shares held by users will become 1/1000 that before the split , and
the unit value will be 1000 times that before the split.
3) Before the reverse split, Gate.io will temporarily suspend these ETF trading markets and cancel any open orders.
4) After the reverse split is completed, Gate.io will resume these ETF
trading markets. Please note, the price will fluctuate around the new
unit value after the split. Users should pay close attention when
placing their orders.
5) After the reverse split, the candlestick
chart will have a leap. You may use split-adjusted functionalities to
get a smooth chart.
About Leveraged ETF
The leveraged ETF
product re-balances to a target leverage if a certain criterion is
triggered. When it re-balances, profit will be used to expand the
position while the loss will lead to decrease of the position. When
trading with ETFs, you do not have to pay a margin. You can simply buy
and sell it to enjoy increased exposure like you are trading with
leverage. ETF products are managed and hedged in the perpetual contract
market. We charge a management fee daily to compensate for the funding
payment and trading fee which is incurred at perpetual contract markets.
No extra funding fee is charged. By optimizing the fund management, the
cost and risks for you to get leveraged exposure are significantly
reduced.
Risk Warning
Digital currency prices are
susceptible to high volatility, which is even more tangible for the
leveraged ETF products. Therefore there is a risk to suffer amplified
loss. Please fully understand the product and risks involved before
trading. Furthermore, the change of an ETF product is not always about
the target times of the underlying asset over a certain time span as the
result of scheduled or irregular re-balancing. An ETF product is hedged
in a perpetual contract market, the profit will expand the position and
the loss will decrease the position, which will incur greater friction
in a swinging market. Due to the rebalancing mechanism and the holding
cost, the ETF is not suitable for long term holding. It has greater
fluctuation and higher risk. Please be cautious. For more details,
please read instructions about Leveraged ETFs at our Help Center.
Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Follow us on social
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Gate.io Team
Aug 4, 2021
