Announcements Announcement on ETF Leveraged Tokens Share Merge for LTC5L, PNUT3L, SATS3L, FTT3L, ORDI3L

Announcement on ETF Leveraged Tokens Share Merge for LTC5L, PNUT3L, SATS3L, FTT3L, ORDI3L

2025-04-21 09:28:16 UTC 37537 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 April 23, 2025 (UTC).** Details of the Share Merge process as follow：

**Suspension of Trading**

We will **suspend trading** for the affected ETF Leveraged Tokens at **06:00:00 AM on April 23, 2025 (UTC)** . All open orders will be automatically canceled at this time.

**Share Merge Process**

At **06:00:00 AM on April 23, 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 | LTC5L | **1000：1** |
| 2 | PNUT3L | **1000：1** |
| 3 | SATS3L | **1000：1** |
| 4 | FTT3L | **1000：1** |
| 5 | ORDI3L | **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 **07:00:00 AM on April 23, 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.
<sp>
Gate.io Team
April 21, 2025
<sp>
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Announcement on ETF Leveraged Tokens Share Merge for LTC5L, PNUT3L, SATS3L, FTT3L, ORDI3L

Announcement on ETF Leveraged Tokens Share Merge for LTC5L, PNUT3L, SATS3L, FTT3L, ORDI3L

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