- 21Shares launched TKNS on Nasdaq as its first actively managed U.S. crypto ETF.
- TKNS will invest at least 80% of assets in crypto and related investments.
- 21Shares expanded its ETF lineup with Hyperliquid-linked THYP and TXXH funds.
21Shares launched its first actively managed crypto ETF in the United States on Nasdaq. The fund, trading under TKNS, gives investors exposure to digital assets through a portfolio that can shift with market conditions, according to the company’s official release.
The product is called the 21Shares Active Crypto ETF. It differs from many crypto ETFs that follow one token or a fixed index. TKNS can change its portfolio as market data and research signals evolve.
According to the announcement, the fund will invest at least 80% of its assets in cryptocurrencies and crypto-related investments during normal market conditions. The ETF combines Bitcoin exposure with selected digital assets to create broader market access.
21Shares TKNS ETF Follows Active Crypto Strategy
The structure allows the fund to avoid dependence on one asset. It also gives managers room to adjust exposure across different parts of the crypto market. 21Shares said the approach is based on active portfolio management.
TKNS has a gross expense ratio of 1.05%. Using market data, valuation trends, and research insights to determine when to increase or decrease exposure. Its risk infrastructure is also built to react during a market downturn.
Also Read: Metaplanet Records Massive Quarterly Loss After Bitcoin Price Decline
According to Andres Valencia, Executive Vice President of Investment Management at 21Shares, the ETF was designed with investors looking for a means to invest in crypto assets while utilizing professional risk management and portfolio construction. Although the crypto market is fast-paced and unpredictable.
21Shares Grows Nasdaq Crypto ETF Offerings
In these market cycles, Valencia mentioned TKNS brings a disciplined and systematic process. He added that some investors have begun to see crypto as an element of long-term portfolios, as opposed to short-term trading opportunities.
The launch comes after 21Shares announced another ETF. Recently, the company launched THYP, a fund that provides direct investment exposure to Hyperliquid and its native asset, HYPE. According to the firm, trading in THYP is anticipated to begin on Nasdaq this month.
11 employees¹
— 21shares US (@21shares_us) May 12, 2026
$900+ million in profit¹
$35B valuation²
That’s @HyperliquidX.
Now in ETF form on @NasdaqExchange for the first time.
Introducing the 21shares Hyperliquid ETF:
– physically-backed by $HYPE
– staking enabled
– 0.30% management fee
– pricing backed by @FTSERussell… pic.twitter.com/7XvBGfUeGf
In addition, 21Shares also launched the 21Shares 2x Long Hype ETF on April 30. The fund, which trades under the ticker TXXH, has a higher fee of 1.89% than its rival. THYP and TXXH are the first Hyperliquid-related U.S. exchange-traded funds ever created.
The opening of its second cryptocurrency ETF in the United States. It is also a sign of increasing demand for investment products that go beyond Bitcoin and Ethereum. TKNS also provides investors with a managed structure that will give them wider exposure to digital assets.
Also Read: XRP Wallet Explosion Signals Growing Long-Term Confidence Despite Market Volatility
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