ERShares, adviser to the ERShares Private-Public Crossover has announced that XOVR has invested $30 million in Kalshi, a federally regulated prediction market company, as part of the Fund’s latest rebalance.

The Kalshi investment marks the next step for XOVR after a defining period for the Fund. XOVR’s SpaceX exposure helped demonstrate the potential value of combining access to category-defining private companies with valuation discipline, position sizing, and a shareholder-focused ETF structure.

“SpaceX demonstrated the strategy. Kalshi is where our VC Lens is pointing next.” said Joel Shulman, Ph.D., CFA, Founder and Chief Investment Officer of ERShares. “XOVR was created to do what traditional ETFs historically could not: provide access to private equity exposure alongside public innovation leaders in one transparent, Nasdaq-listed structure. We believe Kalshi is building one of the most important new layers of financial market infrastructure.”