ERShares

$XOVR ETF - Retail investors will always come first. Disclosures:

[ERShares @ERShares]

Prediction markets are moving further into the financial mainstream, and we believe the category is still in the early stages of its development.

In this discussion, we share our investment perspective on Kalshi, the growth of regulated prediction markets, and their potential role in information and price discovery.

We also discuss why XOVR ETF has increased its exposure to Kalshi and how the investment fits within our broader approach to identifying select private companies that we believe have the potential to become long-term category leaders.

As finance and technology continue to converge, we believe prediction markets represent an increasingly important area for investors to understand.

Learn more about XOVR ETF and its private-public crossover investment strategy at https://t.co/c58ZPcxgos.

Investing involves risk, including possible loss of principal. Private-company investments involve additional risks, including limited liquidity and valuation uncertainty. Holdings are subject to change. References to specific companies are for informational purposes and should not be considered a recommendation to buy or sell any security.

#Kalshi #PredictionMarkets #XOVR #XOVRETF #PrivateMarkets #PrivateEquity #Fintech #Investing #ERShares

The exposure to Kalshi has a 1.68% weight as of 07.28.26. Distributed by Foreside Fund Services, LLC

Any views regarding the future growth, profitability, adoption, or market position of Kalshi, prediction markets, or other private companies represent the opinions of the adviser as of the date presented and are subject to change. There can be no assurance that such expectations will be realized.

[ERShares @ERShares]

Why is SpaceX trading higher today (8/6) despite unlocking more than 900 million shares?

As discussed in the video, many short sellers had been hedging locked up shares and are now covering their short positions.

S3 partners estimates short interest has fallen from roughly $30b to $25b. The larger public float also allows index funds to increase their positions, creating additional demand.

Sometimes a major share unlock can be bullish rather than bearish.

[ERShares @ERShares]

@Forbes features @joel_shulman on what investors should watch ahead of $SPCX first earnings report, including Starlink, launch economics, AI investment and capital allocation👇

https://t.co/qGyotY2lOi?

[ERShares @ERShares]

What’s behind the recent SpaceX selloff and could it create a long-term opportunity?

Joel Shulman, CIO of ERShares, discusses the outlook for SpaceX, Starship, Starlink and Elon Musk’s long-term strategy, including what investors should consider beyond short-term market volatility.

#SpaceX #ElonMusk #Starship #Starlink #Investing #XOVR #ERShares

[Eva Ados @eva_ados]

$XOVR was never meant to be just a $SPCX trade. It’s about applying a VC Lens to identify innovation early across both public and private markets.

Great conversation with Brad Roth on Behind the Ticker @etfcom

[ERShares @ERShares]

$XOVR’s SpaceX investment gained $183M+ in unrealized appreciation from March 30 to June 15, 2026 — and much of it happened before the IPO.

That’s why we believe pre-IPO access matters: by the time a great company goes public, a meaningful part of the value creation may already be behind it.

Dr. Joel Shulman explains on Schwab Network why SpaceX remains a long-term holding — and why XOVR is built for the full private-to-public journey, not just the IPO.

[FINTECH.TV @FINTECHTVglobal]

As much as 15 to 20 trillion in passive and active index assets stands ready to absorb $SPCX's growing float.

@joel_shulman of @ERShares tells @RemyBlaireNews the lockup release starting around August 6th won't hit all at once, giving indices time to take up shares as they're freed.

"It's not always a given that investors should get out and pre lock up."

[ERShares @ERShares]

ERShares CIO, @joel_shulman recently joined Bloomberg to discuss XOVR, SpaceX, SpaceX’s inclusion in the Nasdaq-100, and ERShares’ public-private crossover investment strategy.

Key highlights:

• XOVR returned 27.45% in Q2 2026 and *5.30% in June.
• SpaceX contributed approximately $84 million in June unrealized appreciation, representing approximately 75% of the Fund’s monthly return.
• XOVR reported approximately $387 million in SpaceX exposure at quarter end.

ERShares pioneered the category by launching the first ETF with exposure to SpaceX and the first ETF designed to provide private equity exposure within an ETF structure.

Past performance is no guarantee of future results. Disclosures: https://t.co/1MKVG6WNuB

[ERShares @ERShares]

$XOVR invested $30 million in Kalshi, making it one of the Fund’s largest private-company investments and adding exposure to a leading company in regulated prediction markets.

XOVR, relaunched in August 2024, was the first ETF to provide access to private equity exposure through a private-public crossover structure, combining select private-company exposure with publicly traded innovation leaders using its proprietary ER30TR Index, all inside a single Nasdaq-listed ETF.

The investment was identified through ERShares’ proprietary VC Lens, which seeks to identify category-defining companies before they are widely reflected in traditional public equity benchmarks.

Read the full announcement:

https://t.co/5kbaWQioQt

[Eva Ados @eva_ados]

Joined @cvpayne last week to discuss three key $XOVR holdings: $APP $ALAB and $SPCX

XOVR Performance and SpaceX Exposure: In Q2 2026, XOVR returned 27.45%, including a 5.30% return in June. SpaceX was a meaningful contributor to XOVR’s performance, contributing approximately $84 million in unrealized appreciation and representing about 75% of XOVR’s June return. During the period, the Fund reported approximately $387 million in SpaceX exposure. Prior to the SpaceX IPO, XOVR also turned away an estimated $1 billion of potential inflows in an effort to help reduce dilution risk for existing shareholders.
Past performance is no guarantee of future results. For disclosures and holdings information please visit the ERShares website.

[Bloomberg TV @BloombergTV]

"Elon Musk is very much like a modern-day Rockefeller," according to Joel Shulman of ERShares — whose ETF XOVR was among the first ones to offer pre-IPO SpaceX exposure in the US https://t.co/vHqRyNpujK

[ERShares @ERShares]

Eva Ados on Astera Labs from her June 12 @FoxBusiness interview with @cvpayne :

“Last time we were on, I told you this is my new favorite… I told you it should be a household name.”

Our VC Lens helped us identify $ALAB as a category-defining AI infrastructure company before it became a Nasdaq-100 company.

Astera Labs remains one of the largest holdings in $XOVR

For disclosures and holdings information, please refer to the ERShares website.

[Eva Ados @eva_ados]

Revenue/employee may be one of the most underappreciated AI metrics in the market.

$NVDA generates roughly $6M revenue/employee vs. about $600K for the S&P 500 average.

That is not just a valuation story.
It’s a productivity story.

AI is beginning to reshape operating leverage, margins, and earnings power across the economy.

Investors focused only on AI capex may be missing the bigger picture: AI productivity.

Great discussion yesterday with @MorganLBrennan @CNBCMorningCall

Disclosure: $NVDA is a holding in $XOVR

[Eva Ados @eva_ados]

$ALAB is up double digits today.

Reposting my May 1st interview with @cvpayne, where I called Astera Labs one of my favorite AI infrastructure names and one of the larger holdings in $XOVR

My thesis was simple:

In every major technology cycle, the market first focuses on the obvious winners.

Then value migrates to the infrastructure layer that makes the entire ecosystem scale.

AI is no different.

For informational purposes only. Not investment advice.

[Eva Ados @eva_ados]

Retail investors should not be last in line.

$XOVR was built for a simple reason: to help retail shareholders access opportunities and frameworks that have historically been reserved for institutions, insiders and the wealthiest investors.

That same purpose is behind every innovation we have introduced.

The private-public crossover ETF structure, the 0/0 SPV structure, the liquidity arrangement, and the Shareholder Protection Plan were not separate ideas. They were all built around the same principle: Long-term retail shareholders come first!

In my FOX interview from June 12, 2026, I discussed XOVR’s three-step Shareholder Protection Plan around the SpaceX IPO event.

The Plan was designed to help protect existing long-term shareholders by:

• Updating the valuation of XOVR’s SpaceX exposure under the Fund’s Board-reviewed valuation framework
• Limiting certain large, short-term event-driven creations ahead of the IPO
• Applying exit economics intended to help protect existing shareholders

XOVR was built for shareholders who believe retail investors deserve a stronger seat at the table.

Every major step we have taken has been guided by that same commitment.

Long-term retail shareholders come first! That is why XOVR was built, and that is the principle that will continue to guide it.

For more information, please visit:
https://t.co/LgwBg6bK6g

Information as of June 12, 2026. For informational purposes only. Holdings and exposures are subject to change. Past performance does not guarantee future results. Please review the Fund’s prospectus and website disclosures before investing.

[ERShares @ERShares]

During the SpaceX IPO period, XOVR’s SpaceX exposure reflected more than $183M of unrealized appreciation from March 30 through June 15, 2026.

Over the same period, $XOVR appreciated approximately 30.71%, with SpaceX exposure contributing significantly to ETF performance.

This update also highlights four innovations that shaped XOVR’s private-public crossover ETF framework:

• First private-public crossover ETF structure - August 2024
• 0/0 SPV structure - February 2026
• First-of-its-kind liquidity arrangement - May 2026
• Shareholder Protection Plan - June 2026

More information here:
https://t.co/RQkKvyGii0

Information as of June 15, 2026. For informational purposes only. Past performance does not guarantee future results. Please review our website for disclosures.

[ERShares @ERShares]

The XOVR ETF introduced four first-of-their-kind innovations during the SpaceX IPO period:

1. The First Private-Public crossover ETF structure
2. 0/0 SPV transparency reset
3. Liquidity arrangement designed to increase SpaceX exposure
4. Shareholder Protection Plan designed to support long-term shareholders

From March 30 through June 15, 2026, XOVR’s SpaceX exposure reflected more than $183M of unrealized appreciation, and XOVR appreciated approximately 30.71%.

$XOVR was built to apply a VC Lens across public and private-market opportunities inside an ETF structure.

Read more: https://t.co/05EAwH97b6

Past performance is not a guarantee of future results. Please check ERShares website for Disclosures and Prospectus.

[ERShares @ERShares]

Joel Shulman joined CNBC on the day of the SpaceX IPO to discuss the IPO, the broader market reaction, and what public trading could mean for investors following SpaceX.

Important disclosures: https://t.co/2pKgwE6hcF

[MoneyShow @MoneyShow]

1/ ERShares Private-Public Crossover ETF offers significant exposure to SpaceX.

Looking for a way to play the IPO? 👇 #XOVR #SpaceX

[ERShares @ERShares]

Ahead of the SpaceX IPO, we made a deliberate decision: protect XOVR’s long-term shareholders rather than chase hundreds of millions in short-term “hot money.”

Thank you to @investmentnews for highlighting our shareholder-protection strategy and long-term VC Lens. $XOVR $SPCX

https://t.co/biqdd82QYZ