21Shares Launches TKNS, Its First Actively Managed Crypto ETF, on Nasdaq

21Shares listed TKNS on Nasdaq on May 14, marking the firm’s first actively managed cryptocurrency ETF in the United States.

The fund carries a 1.05% gross expense ratio and commits to holding at least 80% of net assets in crypto assets or instruments with similar economic exposure.

Unlike the spot Bitcoin and spot Ether ETFs that defined the last wave of U.S. crypto fund launches, TKNS gives its portfolio managers room to move. The strategy uses valuation metrics, proprietary research, market regime analysis, derivatives positioning, and blockchain-native indicators to shift allocations across a diversified set of digital assets.

This is not your typical index fund.

We’re excited to launch the new 21shares Active Crypto ETF ( $TKNS ), a professionally managed fund designed to capture opportunities and outperform passive index funds.

▪️Various digital assets: you get exposure to a selection of digital… pic.twitter.com/ucrjLRZlRp

— 21shares US (@21shares_us) May 14, 2026

21Shares via GlobeNewswire described the approach in its press release:

21Shares via GlobeNewswire reported this under the headline, 21Shares Launches TKNS, Its First Actively Managed Crypto ETF, Bringing Dynamic Digital Asset Exposure to U.S. Investors: 21Shares announced the launch of the 21Shares Active Crypto ETF, ticker TKNS, calling it the firm’s first actively managed cryptocurrency ETF in the United States. The release lists Nasdaq as the exchange, USD as the currency, a 1.05% gross expense ratio, and May 14, 2026 as the inception date.

It says TKNS seeks total return and normally invests at least 80% of net assets in crypto assets or related investments. 21Shares frames the strategy as an active approach that blends Bitcoin’s structural role with research-driven allocation across a diversified set of digital assets, using market conditions, valuation metrics, derivatives positioning, and blockchain-native indicators.

21Shares announced TKNS on May 14, 2026. TKNS is the 21Shares Active Crypto ETF and began trading on Nasdaq.

The fund is 21Shares’ first actively managed cryptocurrency ETF in the United States. The release lists ticker TKNS, ISIN US53656H7448, Nasdaq, USD, gross expense ratio 1.05%, and inception date May 14, 2026.

The fund seeks total return and normally invests at least 80% of net assets in crypto assets or crypto-asset-related investments. The strategy blends Bitcoin’s structural role with research-driven allocation across a diversified set of digital assets.

The product page on 21Shares’ site frames the fund as a way to add active crypto management inside a standard ETF wrapper with traditional tax reporting.

21Shares Product Page reported this under the headline, TKNS | 21Shares Active Crypto ETF: The 21Shares TKNS product page describes the fund as a straightforward way to add active crypto management to an investment portfolio. It states the fund seeks total return and normally invests at least 80% of its net assets, plus borrowings for investment purposes, in crypto assets or instruments with similar economic exposure.

The page lists a 1.05% management fee and displays fund data for the new ETF. The release lists ticker TKNS, ISIN US53656H7448, Nasdaq, USD, gross expense ratio 1.05%, and inception date May 14, 2026.

The fund seeks total return and normally invests at least 80% of net assets in crypto assets or crypto-asset-related investments. The strategy blends Bitcoin’s structural role with research-driven allocation across a diversified set of digital assets.

21Shares says TKNS can adjust exposures based on market conditions, valuation metrics, proprietary research insights, market regime analysis, derivatives positioning, and blockchain-native indicators. 21Shares announced TKNS on May 14, 2026.

TKNS is the 21Shares Active Crypto ETF and began trading on Nasdaq. The fund is 21Shares’ first actively managed cryptocurrency ETF in the United States.

Key fund details at launch: ticker TKNS, ISIN US53656H7448, listed on Nasdaq in USD, inception date May 14, 2026.

吴说获悉，21shares US 宣布推出主动管理型加密 ETF「TKNS」，该产品将由投资组合经理动态调整数字资产配置，而非跟踪固定指数。21shares 表示，TKNS 将提供对多种数字资产的敞口，并采用传统股票 ETF 结构与标准税务申报方式，目前已在部分券商平台上线交易。https://t.co/14plYXUoX9

— 吴说区块链 (@wublockchain12) May 14, 2026

The crypto ETF market has been expanding fast, but almost entirely through passive single-asset vehicles. TKNS represents a new product category: a managed fund that can overweight or underweight specific digital assets based on conditions the manager sees in real time.

A 1.05% fee is steep compared to plain spot Bitcoin ETFs that run in the 0.20% to 0.25% range. The premium buys active allocation decisions.

Whether that justifies the cost will show up in performance over time.

For now, the launch signals that U.S.-listed crypto products are moving past the spot-exposure era and into managed portfolio territory. That is the direction institutional wrappers tend to go once a single-asset baseline is established.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.