Since the net value of leveraged ETF BTC3S-USDT is lower than 0.1USDT, it triggers the Share Merging Mechanism. As such, CITEX will temporarily close BTC3S-USDT trading pair and will merge the shares of BTC3S-USDT from 16:00 to 16:30 (UTC+8), July 28, 2020.
The 10 shares of BTC3S-USDT will be merged into 1 share respectively. Consequently, the net value per share of BTC3S-USDT will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same before the merging.
Introduction of leveraged ETF：https://citex.zendesk.com/hc/en-us/articles/360040112351-Introduction-of-leveraged-ETF
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July 28, 2020