The ERShares Private-Public Crossover ETF introduced four first-of-their-kind innovations during the SpaceX IPO period. From March 30 through June 15, 2026, XOVR's SpaceX exposure reflected more than $183 million of unrealized appreciation, contributing to an approximately 30.71% appreciation in the ETF. In February 2026, ERShares converted XOVR's SpaceX exposure into a 0/0 Special Purpose Vehicle structure with no management or performance fees at the SPV level as part of its Transparency Reset initiative. The firm also established a first-of-its-kind liquidity arrangement that enabled XOVR to increase its SpaceX exposure immediately prior to the IPO, and implemented a Shareholder Protection Plan that limited more than $1 billion of potential large, short-term event-driven creations to protect long-term shareholders from dilution.
Space Exploration Technologies Corp. Class A Common StockXOVR ETF's innovations and unrealized appreciation during SpaceX IPO period reflect positive financial structuring and performance.