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21Shares Launches Actively Managed Crypto ETF TKNS

According to Globenewswire, 21Shares has launched its first U.S. actively managed crypto ETF, which will invest at least 80% of net assets in crypto assets or related investments.

Summary

21Shares announced the launch of 21Shares Active Crypto ETF (TKNS), its first U.S. actively managed crypto exchange-traded fund. According to Globenewswire, the fund has started trading and will invest at least 80% of net assets in crypto assets or related investments.

Terms & Concepts
  • actively managed crypto ETF: An exchange-traded fund whose holdings are selected and adjusted by managers rather than tracking a fixed index, with exposure tied to crypto assets.
  • net assets: The total value of a fund’s assets minus its liabilities; ETF allocation rules are often based on this figure.
  • crypto assets: Digital assets such as cryptocurrencies and related instruments that are used as the underlying investment exposure in crypto-focused funds.