In my CFD account, I have 4 open positions on the Crypto 30 (B30, BITA 30 Crypto) index. Three of my positions are up and one of them is down, resulting in me being slightly up overall. The current price s $2,674.40, but the index was around $2,820 about a week ago.
At 16:01 yesterday, I received this notification:
BITA Instruments - Discontinued
As of tomorrow, Crypto 30 will be placed in close only mode. On Friday 19.06.2020 after 18:00 GMT+1, all remaining open positions will be closed at the last available trading price. Until then, open positions can be closed but new ones cannot be opened.
I have the following questions about this:
- Why is this index being discontinued?
- Why are you giving me such short notice and forcing me to close my position before the index returns to its highs of last week?
- Thankfully, I’m slightly up at the moment, but what would’ve happened if I’d been down? Would that just have been too bad?
- Will this index be replaced with another crypto index?