XOVR ETF Introduces Four First-of-Their-Kind Innovations During the SpaceX IPO

XOVR ETF Introduces Four First-of-Their-Kind Innovations During the SpaceX IPO

PR Newswire

NEW YORK, June 22, 2026

XOVR's SpaceX exposure reflected more than $183 million of unrealized appreciation from March 30 through June 15, 2026. Over the same period, XOVR appreciated approximately 30.71%.Key HighlightsFrom March 30 through June 15, 2026, XOVR's SpaceX exposure reflected more than $183 million of unrealized appreciation, including appreciation associated with SpaceX's IPO and the commencement of public trading on the NASDAQ on June 12, 2026.Over the same period, XOVR appreciated approximately 30.71%, with its SpaceX exposure contributing significantly to ETF performance.XOVR was the first ETF* to provide private-to-public crossover exposure in initiated SpaceX position, by combining a public equity foundation with selective private equity exposure inside an ETF structure.In January 2026, ERShares proactively restructured XOVR's SpaceX investment into a 0/0 SPV with no management or performance fees at the SPV level. The conversion was part of ERShares' "Transparency Reset" initiative, reinforcing the firm's commitment to transparency, shareholder alignment, and continuous improvement.XOVR's Shareholder Protection Plan around the SpaceX IPO included Board-reviewed fair value updates through Q2 as market pricing dictated, limits on large short-term event-driven creations before the IPO, and redemption/transaction fee economics designed to benefit the ETF and remaining shareholders. The measures allowed the Fund to limit potentially disruptive Creation Unit activity before the IPO and assess redemption/transaction fees on qualifying redemptions, reducing the risk that short-term flows would dilute the value created for existing shareholders.In January, XOVR's assets increased from approximately $400 million to approximately $1.8 billion, and its SpaceX exposure was diluted from roughly 10% to less than 2%. Several months later, just prior to the SpaceX IPO, despite XOVR's assets increasing from approximately $400 million to approximately $2.4 billion, ERShares took steps designed to preserve meaningful SpaceX exposure, by preventing additional, potentially significant dilution, and actually increased its SpaceX exposure weight from approximately 13% to 14% weight going into the IPO.ERShares believes that it limited more than $1 billion of potential large, short-term event-driven creations before the IPO, in order to prioritize existing long-term, loyal shareholders over additional potential assets and management-fee revenue.ERShares applies a Venture Capital ("VC") Lens to public and private-market opportunities, evaluating companies across the full market lifecycle — before, during, and after a transition to public markets.Past performance is not a guarantee of future returns. For standardized performance, please visit https://entrepreneurshares.com/xovr-etf/#fund-performanceNEW YORK, June 22, 2026 /PRNewswire/ -- Many category-leading companies are remaining private longer, often building significant value before becoming broadly available in public markets. ERShares built the ERShares Private-Public Crossover ETF (NASDAQ: XOVR) for this changing market environment — to apply a VC Lens across both public and private-market opportunities inside an ETF structure. The period surrounding SpaceX's IPO offered a real-time example of how this private-public crossover approach can operate during a major private-to-public market event.