#XRP5L wtf???????? can you explain this magic? where are the percentages? where is the gate io money?

XRP5L-2.58%
MAGIC-0.97%
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FeltBoot
· 2025-03-08 10:48
namely.
why are the percentage increases cut by 35-40% in favor of the exchange?
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Youyi
· 2025-03-08 10:38
Dear user, hello. The underlying nature of ETF is Futures Trading, which corresponds to the rise and fall of the futures market. The characteristics of ETF products will cause wear and tear in volatile markets. ETF products also have a rebalancing mechanism; when the underlying Position changes, there may be mismatches in the corresponding rise and fall. The platform will perform irregular balancing and scheduled rebalancing. When the rise and fall is too large or at midnight daily, the leverage ratio will be fixed back to 3x or 5x leverage. For more information on the rise and fall issues of ETF products, you can click the links to view: https://www.gate.io/zh/help/trade/leverage_tokens/17369 https://www.gate.io/zh/help/trade/leverage_tokens/17343/about-leveraged-tokens.
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GateUser-ee343643
· 2025-03-08 10:37
when xrp up then xrp5l up
and xrps down.. that's it
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