Key Highlights
- 21Shares launched its first actively managed crypto ETF in the U.S., expanding beyond passive crypto funds.
- TKNS invests at least 80% in crypto assets and actively adjusts its portfolio using market data.
- The launch follows the company’s recent rollout of Hyperliquid-linked ETFs THYP and TXXH.
21Shares, an asset management firm, today launched a new crypto investment product in the United States called the 21Shares Active Crypto ETF, trading under the ticker TKNS on Nasdaq.
According to the official release, the fund began trading today and is the company’s first actively managed crypto ETF in the country. Unlike regular crypto ETFs that mostly follow the price of one cryptocurrency or a fixed index, TKNS changes its portfolio depending on how the market is performing.
How the fund works
According to the company, TKNS is designed to invest at least 80% of its assets in cryptocurrencies and crypto-related investments during normal market conditions. The fund combines Bitcoin’s position as a major crypto asset with investments in other selected cryptocurrencies. This allows the ETF to spread investments across different digital assets instead of depending on only one token.
The fund carries a gross expense ratio of 1.05% and uses market data, valuation trends, and research insights to decide when to increase or reduce exposure to certain digital assets.
Andres Valencia, Executive Vice President of Investment Management at 21Shares, said the ETF was created for investors who want crypto exposure through a professionally managed structure. “Crypto markets move fast and often unpredictably,” Valencia said. “With TKNS, we are bringing a disciplined, systematic approach to navigating those cycles.”
He added that some investors are beginning to see crypto as part of a long-term investment portfolio rather than short-term trading opportunities. According to him, the company designed this fund to fit into this growing trend by offering a more structured and research-driven approach to crypto investing.
According to the company, the ETF includes several features, such as active portfolio management and diversified exposure to multiple digital assets. It also includes a risk framework designed to react to market downturns.
Recent ETF launches
The launch of TKNS comes just a day after 21Shares announced another crypto ETF called THYP. The fund is built to give investors direct exposure to Hyperliquid and its native token, HYPE. According to 21Shares, the ETF is expected to begin trading on Nasdaq this month.
The company also launched another similar product on April 30, called 21Shares 2x Long HYPE ETF, trading under the ticker TXXH. This particular ETF carries a higher fee of 1.89%. Together, THYP and TXXH have become the first exchange-traded funds in the United States linked to Hyperliquid.
Overall, the launch comes at a time when interest in crypto-related investment products continues to grow beyond Bitcoin and Ethereum, especially among investors looking for broader exposure to the market.
Also Read: Bitcoin ETFs Post $635M Outflows, Largest in Weeks — BlackRock Hit by $285M
