To fully meet the multiple trading needs of users, XT will add some Underlying Tokens in ETF Zone at 06:00 (UTC) on October 29. The details are as follows:
|Underlying Token||3x Buy(long)||3x Sell(short)|
*What is ETF?
An exchange-traded fund (ETF) is a product that uses financial derivatives and debt to amplify the returns of an underlying token. For example, if the underlying token rises 1%, the corresponding 3x ETF rises 3% respectively, while the -3x products fall 3% respectively.
An ETF is essentially a fund managed by a professional financial team. Each ETF product corresponds to a certain number of futures contract positions. The fund manager can dynamically adjust the futures positions so that the entire fund share can maintain fixed leverage for a certain period of time. A professional team is responsible for the management and maintenance of the investment portfolio, allowing investors to easily build their own constant investment portfolio without needing to understand the specific mechanism.
References for frequently asked questions about ETF：https://xtsupport.zendesk.com/hc/en-us/articles/4404914736153-FAQ-for-ETF
Trading guide for details: https://xtsupport.zendesk.com/hc/en-us/articles/4405080817177
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October 28, 2021
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.