Notification of Reverse Split of DOT*(-2) of ETP product
Since the net value of DOT*(-2) leveraged ETP product is lower than 1 USDT, in order to facilitate user’s trading and avoid the impact of precision, Huobi Global will execute a reverse split of DOT*(-2) on Apri 13, 2020, at 15:00 (GMT+8) and the operation will not affect the total value of users‘ assets. The reverse split will take about 2 hours. During this period, DOT*(-2) will also suspend trading at the same time.
In order to improve the experience of K-line(Candle),the historical K-line before the reverse split will be hidden,and the starting point of the K-line is the time point after the reverse split is completed.
The Reverse Split Ratio will be 1 for 1000, which means 1000 shares of DOT*(-2) will be merged into 1 share, consequently, the NAV of DOT*(-2) per share will be up 1000 times and user's holding quantity will be down to 1/1000. In this connection, user’s total asset value of the DOT*(-2) assets will not change (Total asset value = the number of ETP positions * NAV of ETP).
Time of Reverse Split:
13/4/2021 15:00 -13/4/2021 17:00(GMT+8)
Scope of Influence:
After the merger, users will not be able to buy, sell ,subscribe or redeem DOT*(-2)
Since users will not be able to trade, subscribe or redeem DOT*(-2) during the reverse split, users can sell out or redeem DOT*(-2) before reverse split to reduce the risk of position.
There is a possibility that the NAV of ETP can become zero or the product will be removed due to inherent market risks, high fees, slippage, rebalance algorithm frontrunning and any other perceived unknown risks associated with ETP.
Thanks for your support!
April 12, 2021