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ETFs (ETH3S,BTC3S,LTC3S&More)Reverse Split Completed, Trading Reopens

2021-01-20 12:35:58Read:22388

Gate.io has resumed ETF trading after we completed the reverse split for the following leveraged ETFs:

1) ETH3S had a 1-for -10,000 reverse split. Compared with that before the split, the number of ETH3S
shares held by users now becomes 1/10000 and the unit value becomes 10,000 times.
2) UNI3S,LTC3S,BTC3S,XTZ3S,SUSHI3S,CVR3S,BCH3S,and BSV3S had a 1-for-1000 reverse split. Compared with that before the split, the number of those ETF shares held by users becomes 1/1000, and the unit value becomes 1000 times that before the split.
Please note, the price will fluctuate around the new unit value. Users should pay close attention when placing their orders.
With the reverse split, the candlestick chart will have a significant leap. You may use split-adjusted price to get a smooth chart(Gate.io provides the split adjusting functionalities on the 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 an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.


Gate.io Team
January 20, 2021

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