[//]:content-type-MARKDOWN-DONOT-DELETE To enhance the trading experience and improve price precision, Gate 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). |
| 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 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. Gate Team April 21, 2025 **Gateway to Crypto** Trade over 4,300 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

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