(Updated) With Klarna, XOVR Becomes First ETF to Provide IPO Exposure

Core Insights - ERShares' Private-Public Crossover ETF (XOVR) is the first ETF to provide investors with exposure at the IPO stage, traditionally reserved for venture capital and institutional investors, as demonstrated by Klarna's recent IPO [1][3][4] Group 1: ETF Structure and Strategy - XOVR was relaunched on August 30, 2024, combining the proprietary Entrepreneur 30 Total Return Index (ER30TR) with selective private equity exposure to capture growth opportunities across public and private markets [2] - The ETF aims to bridge the gap between private and public markets, allowing retail investors to participate in the growth phases of companies that have historically been inaccessible [7][4] Group 2: Performance Metrics - Since its relaunch, XOVR has delivered a total return of +37.2% (with dividends reinvested) from August 30, 2024, to September 30, 2025 [6] - Current holdings include both public and private companies such as SpaceX, Anduril, and Klarna, indicating a diverse investment strategy [8] Group 3: Market Context and Future Outlook - The ETF addresses the trend of companies remaining private longer, which has historically locked retail investors out of dynamic growth phases [7] - Management anticipates additional opportunities may arise in late 2025 as more private companies approach public markets [8]