Aug. 25 at 1:48 PM
$XOVR For anyone assuming this will cap at
$500M aum, it will not.
ETFs, by design, can’t close to new investors—even though, in a press release last month, XOVR said it would when it reached
$500 million in assets. Shulman says that was “poorly worded” and “wrong,” adding that “we meant to imply that at
$500 million we would limit further purchase of private equity” such as SpaceX.
Jason Zweig; "You Can Own Elon Musk’s SpaceX. But at What Price?"; Wall Street Journal; Jan. 24, 2025