Huobi to delist Exchange Traded Product BSV*(-3) on June 28 (UTC)
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In view of recent uncertainity and the risks associated with the underlying asset BSV, Huobi will delist the Exchange Traded Product BSV*(-3) to protect the interests of our users. The details are as follows:
1. The subscription/redemption and trading services of BSV*(-3) will cease at 09:00 (UTC) on June 28, 2022. Users will not be able to carry out related operations on the App, Web and API interfaces.
2. The Platform will buy back all BSV*(-3) tokens held by users. Calculated based on the basket at 02:34:45 (UTC) on 14 June, 2022 and the price of BSV at 9:00 (UTC) on June 28, 2022, the equivalent net value in USDT will be refunded to the users' Spot accounts within 48 hours.
3. After BSV*(-3) is delisted, the product would not be displayed on the App, Web and API interfaces.
Risk Reminder: Please be aware that ETP products’ net value maybe go to zero or ETPs may be delisted, due to violent price movements as well as its inherent market risks, high fees, slippage, rebalance algorithm, and any other unknown risks associated with ETPs.
Thank you for your understanding and support.
June 28, 2022
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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.