you are currently viewing:ERShares Pioneers Private-Access ETF Structure; Clarifies XOVR Framework, Liquidity, and Fee TreatmentMarch 2, 2026-- Quick Take: Private-public crossover ETF providing access to select private companies, including SpaceX ERShares, a pioneer in expanding access to private-market exposure through an exchange-traded fund structure, today provided additional context regarding the framework supporting private-company exposure in the ERShares Private-Public Crossover ETF (XOVR). XOVR was structured as the first ETF designed to provide private-company exposure through an underlying special purpose vehicle ("SPV") framework reflected in daily NAV alongside public equities,* within a regulated ETF structure. As the pioneer of this ETF structure, ERShares has refined the framework over time to improve efficiency, durability, and investor clarity. Given the complexity of private-exposure structures, ERShares is issuing this clarification to address potential and reported misinterpretations of the investment structure and ensure the fee treatment is understood as described in the Fund's disclosures. ERShares encourages readers to review primary source disclosures and to consider independence and disclosure standards that apply to third-party commentary on complex product structures. Source: ERShares |
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