EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF

XOVR

Market cap $477M

NEW YORK , Oct. 14, 2025 /PRNewswire/ -- ERShares' Private-Public Crossover ETF (XOVR) has become the first ETF to provide investors exposure at the IPO stage. This milestone - historically reserved for venture capital, insiders, and institutions - was illustrated with Klarna's recent IPO.

NEW YORK, Oct. 09, 2025 (GLOBE NEWSWIRE) -- ERShares' Private-Public Crossover ETF (XOVR) has become the first ETF to provide investors exposure at the IPO stage. This milestone - historically reserved for venture capital, insiders, and institutions - was illustrated with Klarna's recent IPO.

NEW YORK, Oct. 09, 2025 (GLOBE NEWSWIRE) -- ERShares' Private-Public Crossover ETF (XOVR) has become the first ETF to provide investors exposure at the IPO stage. This milestone - historically reserved for venture capital, insiders, and institutions - was illustrated with Klarna's recent IPO.

XOVR grabs attention with a 15% exposure to private companies through SPVs. However, it makes you forget that 85% is actually in publicly traded companies, with a strong tech-edge focus. Which is why, after the 2024 update, its performance closely tracks that of the VGT ETF.

Last week, The Wall Street Journal reported that the Trump administration is likely to issue an executive order that would open the retirement market to private assets.

While aerospace and defense ETFs have recently caught investor interest, space ETFs have been quietly gaining traction. The space sector shares some overlap with the aerospace industry.

XOVR ETF Adds Anduril to Crossover Fund. Joins SpaceX and Klarna as Private Equity Holdings in ETF that Holds 85%+ of Entrepreneur 30 Total Return Index

Exchange-traded funds (ETFs) and closed-end funds (CEFs) are wrappers that share basic similarities. While ETFs are much newer, they have become the preferred vehicle for many investors due to their tax efficiency, transparency, and simplicity.

XOVR ETF provides unique access to private companies like SpaceX within an ETF structure, but transparency around its 'Entrepreneur Factor' is lacking. The fund's proprietary ER30TR Index claims strong outperformance, yet long-term results from similar strategies have been mediocre. Frequent strategy changes, potential survivorship bias, and ETF structure risks with illiquid private holdings raise caution for investors.

SpaceX and Starlink are not publicly traded. That's OK for accredited investors. But what about all the other interested investors? You might consider investing in funds like ARKVX, BFGFX, and XOVR, which hold significant SpaceX stakes, or companies partnering with SpaceX. I believe XOVR is the most promising approach. It enjoys the possibilities of both publicly traded and pre-IPO firms.