Quick Read – ERShares Private-Public Crossover ETF (XOVR) holds ~$281 million in SpaceX (23% of fund) ahead of the company’s IPO targeting mid-June 2026 at ~$1.5 trillion valuation, but the fund is down 2% YTD versus the S&P 500 up 9.7%, trailing comparable growth ETFs…
gnificantly due to Level 3 valuation marks that lag public price discovery. NVIDIA (NVDA) and Meta Platforms (META) anchor the public holdings, while the fund’s 1.81% expense ratio compounds underperformance versus cheaper alternatives like QQQ. – SpaceX’s imminent IPO is the primary catalyst reshaping XOVR’s performance prospects, as the private valuation mark will convert to a real public price and eliminate the pre-IPO premium that justified the fund’s higher fees and opacity. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF didn’t make the cut
Grab the names FREE today. The pitch for ERShares Private-Public Crossover ETF (NYSEARCA:XOVR) is simple. You cannot buy SpaceX shares on your brokerage app, but XOVR can, and the fund packages that exposure inside a normal ticker you trade like any other ETF.
XOVR now holds ~$281 million in SpaceX, which works out to about 23% of the fund. Yet XOVR is down about 2% this year while the S&P 500 is up 9.7%, a shortfall of more than 7% in a market that has been kind to almost anything growth-flavored. All that underpeformance could be reversed very quickly in the coming weeks.