XOVR: Tech-Heavy Strategy For A Pre-IPO Investment In SpaceX

ERShares Private-Public Crossover ETF (XOVR) offers unique pre-IPO and public equity exposure, with a heavy 35.81% allocation to SpaceX. I assign XOVR a Hold rating due to significant concentration and liquidity risks, especially as SpaceX's IPO approaches. XOVR's asset base has shrunk amid fund outflows, forcing higher SpaceX concentration and reducing public equity allocations.