XOVR Research Note — Scarcity Meets a Longer Supply Test
XOVR’s scarce SpaceX access now meets a weaker tape and a longer supply calendar. The fund closed near $18.47, below its 50-day and 200-day averages, while its SpaceX weight had declined to roughly 14.6% and assets had fallen from about $2.2 billion in June to roughly $1.80 billion. The unresolved issue is whether that asset decline reflects market depreciation alone or also includes net…




