XOVR's Early Kalshi Investment Has Increased in Estimated Value by More Than $23 Million
PR Newswire•03/11/2026•08:01 ET
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Key Highlights
- ➤Kalshi investment value approximately $53.1 million at announced $40 billion valuation
- ➤XOVR’s $30 million Kalshi investment implies approximately $23.1 million unrealized gain
- ➤Kalshi valuation nearly doubled from XOVR’s $22.6 billion entry valuation
- ➤XOVR increasingly targets private companies earlier in their growth cycles
Expert Statements
Eva Ados, Chief Operating Officer and Chief Investment Strategist at ERShares
“Kalshi reinforces our conviction that wealth creation often occurs while companies remain private”
Eva Ados, Chief Operating Officer and Chief Investment Strategist at ERShares
“For decades, many substantial gains in many of the world's most transformational companies accrued before they reached the public markets. XOVR was created to bridge that gap by giving retail investors access to carefully selected private companies alongside a portfolio of innovative public businesses.”
Dr. Joel Shulman, Founder and Chief Investment Officer of ERShares
“When we launched XOVR, our vision was to fundamentally change who could participate in private equity investing. Historically, many of the most attractive investment opportunities have been reserved for institutions and ultra-high-net-worth investors. We believed retail investors deserved access as well.”
Dr. Joel Shulman, Founder and Chief Investment Officer of ERShares
“The success of our investments in SpaceX and now Kalshi supports our belief in our strategy of identifying companies that we believe are exceptional earlier in their development. We believe the future of innovation investing is not simply participating in IPOs, but owning potentially extraordinary businesses years before they become household names. Our objective is to enable everyday investors to participate in the value creation that has historically taken place before companies enter the public markets.”
XOVR's Early Kalshi Investment Has Increased in Estimated Value by More Than $23 Million PR Newswire
Kalshi's announced $40 billion valuation reinforces XOVR's private-public crossover strategy and its mission to broaden access to private equity through an ETF
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