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Frequently Asked Questions
How much has ERShares invested in Kalshi?
The XOVR ETF holds approximately $30 million in Kalshi through a wholly owned subsidiary.
What is the XOVR ETF?
XOVR is ERShares' Nasdaq-listed private-public crossover ETF that combines public equities with a policy-capped allocation to private companies, including Kalshi.
Does ERShares own DraftKings stock?
Yes, XOVR holds DraftKings in its public portfolio alongside its Kalshi position.
When did XOVR invest in Kalshi?
The $30 million allocation was disclosed in 2026 as part of XOVR's expansion into private-market exposure.
Who runs ERShares?
Joel Shulman is founder and chief investment officer; Eva Ados has also commented publicly on the firm's Kalshi investment.