Post-Effective Amendment to Post-Effective Amendment by Investment Company (Form 485BXT)

As Filed with the U.S. Securities and Exchange Commission on JULY 28, 2026

File Nos. 333-180870 and 811-22698

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT

UNDER

	THE SECURITIES ACT OF 1933	☒
	Pre-Effective Amendment No.	☐
	Post-Effective Amendment No. 496	☒

and/or

REGISTRATION STATEMENT

UNDER

	THE INVESTMENT COMPANY ACT OF 1940	☒
	Amendment No. 499	☒

KRANESHARES TRUST

(Exact Name of Registrant as Specified in Charter)

280 Park Avenue, 32nd Floor

New York, New York 10017

(Address of Principal Executive Offices, Zip Code)

(212) 933-0393

(Registrant's Telephone Number, including Area Code)

Jonathan Krane

Krane Funds Advisors, LLC

280 Park Avenue, 32nd Floor

New York, NY 10017

(Name and Address of Agent for Service)

Copy to:

Stacy L. Fuller
Willkie Farr & Gallagher LLP
1875 K Street, N.W.
Washington, D.C. 20006-1238

It is proposed that this filing will become effective (check appropriate box):

☐

Immediately upon filing pursuant to paragraph (b) of Rule 485

☒

On August 28, 2026 pursuant to paragraph (b)(1)(iii) of Rule 485

☐

60 days after filing pursuant to paragraph (a)(1) of Rule 485

☐

On (date) pursuant to paragraph (a)(1) of Rule 485

☐

75 days after filing pursuant to paragraph (a)(2) of Rule 485

☐

On (date) pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

☒

This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

EXPLANATORY NOTE

This Post-Effective Amendment ("PEA") No. 496 to the Registration Statement on Form N-1A for KraneShares Trust (the "Trust") is being filed pursuant to paragraph (b)(1)(iii) of Rule 485 under the Securities Act of 1933 for the purpose of delaying, until August 28, 2026, the effectiveness of PEA Nos. 482, 484, and 487 with respect to the KraneShares MLM Commodity Long/Neutral Index Strategy ETF, KraneShares InspereX S&P Intraday Edge Autocallable Index ETF, KraneShares Public-Private AI Energy Demand ETF, KraneShares Public-Private Digital and Tokenized Finance ETF, KraneShares Public-Private Space and Defense Tech ETF, and KraneShares Public-Private TPU and Next-Gen Computing ETF (each, a "Fund"), as set forth below:

1.

PEA No. 482, with respect to KraneShares MLM Commodity Long/Neutral Index Strategy ETF, which was filed with the Commission via EDGAR Accession No. 0001829126-26-003066 on April 2, 2026;

2.

PEA No. 484 with respect to KraneShares InspereX S&P Intraday Edge Autocallable Index ETF, which was filed with the Commission via EDGAR Accession No. 0001829126-26-003532 on April 15, 2026; and

3.

PEA No. 487 with respect to KraneShares Public-Private AI Energy Demand ETF, KraneShares Public-Private Digital and Tokenized Finance ETF, KraneShares Public-Private Space and Defense Tech ETF, and KraneShares Public-Private TPU and Next-Gen Computing ETF, which was filed with the Commission via EDGAR Accession No. 0001829126-26-004964 on May 12, 2026.

Parts A, B, and C of each of PEA Nos. 482, 484, and 487 are incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 (the "Securities Act") and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No. 496 to the Registrant's Registration Statement (File Nos. 333-180870 and 811-22698) to be signed on its behalf by the undersigned, duly authorized, in the City of New York, State of New York on this 28^th day of July, 2026.

	KraneShares Trust
	/s/ Jonathan Krane
	Jonathan Krane
	Trustee, Principal Executive Officer and
	Principal Financial Officer

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacity and on the date indicated.

Signature		Title		Date
/s/ Jonathan Krane		Trustee, Principal Executive Officer and		July 28, 2026
Jonathan Krane		Principal Financial Officer
*		Trustee		July 28, 2026
Luis Berruga
*		Trustee		July 28, 2026
John Ferguson
*		Trustee		July 28, 2026
Matthew Stroyman
*/s/ Stacy L. Fuller
Stacy L. Fuller

*

Attorney-in-Fact pursuant to powers of attorney dated May 19, 2026.