SpaceX IPO Hype Just Got So Intense One ETF Had To Add Protection

ERShares implemented shareholder protection measures for its Private-Public Crossover ETF (XOVR) ahead of SpaceX's historic IPO scheduled for June 12. The fund, which holds $50 million in unrealized SpaceX appreciation, will restrict large creation orders and impose up to 2% redemption fees to mitigate volatility and protect long-term investors from short-term trading flows surrounding the IPO.