Private Markets

Business

The $1.5 Billion Bet on Private Tech: Inside the XOVR ETF's Struggle to Deliver

The ERShares Private-Public Crossover ETF (XOVR) promised a novel bridge to pre-IPO giants like SpaceX. With $1.5 billion in assets, it blends public tech stocks with private equity stakes. Yet, its performance has dramatically lagged the broader market, raising questions about the cost and complexity of accessing private innovation through an ETF wrapper.