21Shares has launched the 21Shares Active Crypto ETF (NASDAQ:TKNS), marking its entry into the actively managed cryptocurrency ETF space in the United States. This ETF began trading on Thursday and represents a significant shift from traditional passive Bitcoin ETFs, focusing on dynamic portfolio management that adjusts based on various market factors. The fund aims to invest at least 80% of its net assets in crypto assets or related investments, utilizing quantitative signals and proprietary research to identify emerging opportunities. With a gross expense ratio of 1.05%, TKNS is designed for investors seeking professional management of their crypto portfolios, balancing risk and potential returns as institutional adoption of digital assets grows. The launch comes amid increasing competition in the crypto ETF market, with other issuers also exploring sophisticated strategies beyond simple Bitcoin tracking.