Gate.io has added support for FIL leveraged ETFs, FIL3Land FIL3S, on October 16th, 3:00 AM UTC.
The ETF product is managed and hedged in the perpetual contract market. At spot trading market, we display the real time net asset value (NAV) for an ETF strictly following the published product specifications. Due to its leveraged nature, index price of the perpetual contract market should be included when calculating an ETF’s NAV. During 7:52-8:18 UTC, October 16th, 2020, the two FIL ETFs displayed deviated NAVs as the FIL perpetual contract price saw a large deviation from that on spot markets of main stream exchanges. The issue has been fixed already. If you were affected users, please contact us. We will compensate for the price difference for your sale or purchase during that period..
Submit
a request at https://www.gate.io/en/help
About
Leveraged ETF
The leveraged ETF product
re-balances to 3X leverage every day following profit and loss.
Profit will be used to expand the position while the loss will lead
to decrease the position.
When trading with ETFs, you do not
have to pay margin, you can simply buy and sell it to enjoy leveraged
exposure. ETF products are managed and hedged in the perpetual
contract market. We charge 0.1% management fee daily to compensate
for the funding payment and trading fee which is incurred at
perpetual contract markets. No extra funding fee is charged. By
optimizing the fund management, the cost and risks for you to get
leveraged exposure are significantly reduced.
Please note, 3X
leveraged ETF does not mean that the price should be 3 times of the
underlying coin. The ETF price is related to its profit and loss
following the market price changes. Please pay attention to the net
value displaying to you when trading. Leveraged ETFs are highly
volatile and are of high risk. Please trade within your financial
capacity.
Get
30% of all referees' trading fees in the affiliate program at https://www.gate.io/myaccount/myreferrals
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Gate.io Team
October 15th, 2020
