The unit price of BTC3S has fallen to below 10USDT, and the unit price of ETH3S has fallen to below 1 USDT, which were both lower than 1/10 of the initial net value, causing the system to trigger an ETF settlement and to activate the rebalancing mechanism.Therefore, HomiEx will begin the settlement at 16:00, 2 December 2020 (UTC+8). Holders of BTC3S & ETH3S will receive an automatic conversion of their BTC3S & ETH3S to USDT based on the net value as of 16:00, 2 December 2020 (UTC+8).
Please refer to the procedure for settlement and rebalance below:
Trading Suspension: 16:00, 2 December 2020 (UTC+8)
Settlement time: 16:00-18:00, 2 December 2020 (UTC+8)
Rebalance time: 20:00, 2 December 2020 (UTC+8)
Note: net value as at 16:00
To avoid price volatility just before the start of settlement, we suggest all ETF holders to close their positions before the settlement. All pending orders will be automatically cancelled and closed by the system at 16:00, 2 December 2020.
The procedure for rebalancing is expected to begin at 20:00, 2 December 2020 (UTC+8). No further announcements will be published.
The name and trading pair for new ETF products will remain the same after the rebalance.
Risk Warning: Investing in cryptocurrency is akin to be a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. HomiEx attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. HomiEx is not liable for investment gains or losses.