gate Announcement on the Holdings share consolidation and net asset value adjustment of (XRP5S, EOS5S, GALA5S, HBAR3S, DOT5S) ETF products

Gate.io leverage ETF is a trading product with leveraged properties and automatic rebalancing mechanism. The ETF product adjusts the leverage ratio of profit and loss daily to return to the target leverage multiple. Profit will Enter a Position, and loss will reduce position. Users do not need to pay Margin when trading leveraged products, and can achieve the purpose of trading leverage simply by buying and selling coins. The ETF product is managed in the Perptual Futures market for Hedging, and charges a daily management fee to compensate for the contract market handling fees, funding rate, and other expenses, but does not charge additional contract funding rate. Through fund management optimization, it reduces the actual leverage expenses and leverage risks for users. Gate.io ETF products are traded 7x24 hours a day, and the market fluctuates greatly. In order to minimize the impact on the market and without affecting the user experience, we will merge or split ETF shares based on the principle of minimizing the frequency of operations. Currently, the unit prices of multiple ETF products are too low, affecting trading convenience and price accuracy. In order to enhance the trading experience of ETF products, we will conduct share consolidation operations for multiple ETF products around 14:00 PM (UTC+8) on December 13, 2024. This will affect the number of ETF holdings and the unit net value for users, but will not affect the total value of user holdings (excluding changes in net value caused by fluctuations in the underlying asset prices during the operation period). The specific operation rules are as follows:

The XRP5S product shares will be merged at a ratio of 10000:1, and the user's position will be reduced to 1/10000 of the previous amount, while the net asset value will increase 10000 times.
The EOS5S product shares will be consolidated at a ratio of 10,000:1, and the user's position will be reduced to 1/10,000 of the previous amount, with the net asset value increasing by 10,000 times.
The GALA5S product shares will be merged at a ratio of 10000:1, and the user's position will be reduced to 1/10000 of the previous amount, with the unit net value increasing by 10000 times.
The HBAR3S 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 net asset value increasing 1000 times.
The DOT5S product shares will be merged at a ratio of 1000:1, and the user's position will be reduced to 1/1000 of the previous amount, with the net asset value increasing by 1000 times.
After the merger of shares, the corresponding product market will be reopened for trading. Please be sure to pay attention to the significant price changes that will occur according to the new net asset value when the market resumes. Be cautious of price changes when placing orders.
After the share merger, the K-line data will jump due to price changes. Gate.io provides pre and post K-line adjustment function to optimize the experience. Welcome to use. *Risk Warning: Please note that the cryptocurrency market is highly volatile, and leveraged ETF products can increase price fluctuations, leading to greater risks and profits. Please make sure to understand and participate cautiously. Due to the existence of regular and ad-hoc rebalancing, the price fluctuations over a period of time may not always match the target leverage multiple. ETF products hedge through the contract market, profit by entering a position, and reduce position in case of loss. Daily adjustments of leverage rates are made to return to the target leverage multiple, resulting in significant wear and tear in the case of repeated market price fluctuations. Due to the rebalancing mechanism and holding costs, leveraged ETFs are not suitable for long-term holding. The price of leveraged products is related to the profits and losses of ETFs caused by market fluctuations. Please pay attention to the display of the product's net asset value and real-time leverage multiple during trading. 5x leveraged ETF products are more affected by the fluctuations of the target currency, making regular and ad-hoc rebalancing more likely, resulting in greater wear and tear. Therefore, they are only suitable for short-term hedging risks. 3x leveraged ETFs have smaller price fluctuations and relatively less wear and tear. Please make sure to choose the appropriate product. ETF products have large price fluctuations and high risks, so please participate with caution. 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 Gate.io makes wealth more free! Thank you to every user for your support, and stay tuned for Gate's innovative products. New users please click to register on Gate.io. Existing users are recommended to invite others to register and get a 40% commission! Click to download the iOS/Android version App immediately Gate.io community Twitter: https://twitter.com/gate_io Telegram：https://t.me/gate_io Instagram: https://www.instagram.com/gate.io/ Medium: https://medium.com/@gateio Gate.io December 12, 2024