XOVR Invests $30 Million in Kalshi as ETF Expands Private-Market Bet After 27.45% Q2 Gain
Updated
Updated · PR Newswire · Jul 13
XOVR Invests $30 Million in Kalshi as ETF Expands Private-Market Bet After 27.45% Q2 Gain
3 articles · Updated · PR Newswire · Jul 13
Summary
$30 million went into Kalshi in XOVR’s latest rebalance, making the CFTC-regulated prediction-market company one of the fund’s largest private holdings.
XOVR said the purchase extends the same private-public crossover strategy it used with SpaceX, with ERShares’ VC Lens targeting category-defining companies before they reach public benchmarks.
27.45% Q2 and 5.30% June returns gave the fund momentum for the move, after SpaceX added about $135 million in unrealized appreciation in the quarter, including $84 million in June.
About $2.1 billion in assets under management and a current SpaceX position near $350 million leave XOVR leaning further into private-company exposure inside a Nasdaq-listed ETF.
The deal also deepens investor access to prediction markets, a niche XOVR argues could become an important layer of regulated financial-market infrastructure.