Since the net value of leveraged ETF ETH3S and BCH3S is lower than 0.1USDT, it triggers the Share Merging Mechanism. As such, CITEX will temporarily close ETH3S/USDT and BCH3S/USDT trading pair and will respectively merge the shares of ETH3S and BCH3S at 16:00 (UTC+8), August 4, 2020.
The 10 shares of ETH3S and BCH3S will be merged into 1 share respectively. Consequently, the net value per share of ETH3S and BCH3S 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 after the merging.
Introduction of leveraged ETF：https://citex.zendesk.com/hc/en-us/articles/360040112351-Introduction-of-leveraged-ETF
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CITEX team
August 4, 2020