Announcements Announcement on ETF Leveraged Tokens Share Merge for EOS5L,BSV5L,GRT3L,ROSE3L,PEOPLE3L

Announcement on ETF Leveraged Tokens Share Merge for EOS5L,BSV5L,GRT3L,ROSE3L,PEOPLE3L

2025-03-11 07:36:58 UTC 3140 Read

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To enhance the trading experience and improve price precision, Gate.io will conduct a share merge for multiple ETF Leveraged Tokens at **06:00:00 AM on March 12, 2025 (UTC).**

### **Details of the Share Merge**

### **1. Suspension of Trading**
We will **suspend trading** for the affected ETF Leveraged Tokens at **06:00:00 AM on March 12, 2025 (UTC)** . All open orders will be automatically canceled at this time.

### **2. Share Merge Process**
At **06:00:00 AM on March 12, 2025 (UTC)** , we will sequentially take a snapshot of users’ ETF Leveraged Token balances and merge shares at the 1000:1 ratio. The total value of users’ holdings will not change (without considering value changes caused by market fluctuations).

| <br>   |ETF Leveraged Token   | Ratio |
| :------------: | :------------: | :------------: |
| 1  |EOS5L   | 1000:1   |
| 2  |  BSV5L |  1000:1  |
| 3  | GRT3L  |  1000:1  |
|   4|  ROSE3L | 1000:1   |
|   5|  PEOPLE3L | 1000:1   |

The ETF Leveraged Token above will have a 1000-for-1 share merge. After the merge is completed, the number of ETF shares held by users will become 1/1000 that before the merge, and the unit value will be 1000 times that before the merge.

The share merge process is expected to be completed by **08:00:00 AM on March 12, 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.io 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.io Team
March 11, 2025

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Announcement on ETF Leveraged Tokens Share Merge for EOS5L,BSV5L,GRT3L,ROSE3L,PEOPLE3L

Announcement on ETF Leveraged Tokens Share Merge for EOS5L,BSV5L,GRT3L,ROSE3L,PEOPLE3L

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