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

AS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 17, 2025

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. 474	☒

and/or

REGISTRATION STATEMENT

UNDER

	THE INVESTMENT COMPANY ACT OF 1940	☒
	Amendment No. 477	☒

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

K&L Gates LLP

1601 K Street NW

Washington, D.C. 20006-1600

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

	☐	Immediately upon filing pursuant to paragraph (b) of Rule 485
	☒	On November 21, 2025 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 No. 474 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 solely for the purpose of delaying, until November 21, 2025, the effectiveness of Post-Effective Amendment No. 441 ("PEA No. 441") with respect to the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF, which was filed with the Commission via EDGAR Accession No. 0001829126-25-004980 on July 9, 2025. Since no other changes are intended to be made to PEA No. 441 with respect to the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF by means of this filing, Parts A, B and C of PEA No. 441 are incorporated herein by reference.

PART A - PROSPECTUS

The Prospectus for the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF is incorporated herein by reference to Part A of PEA No. 441.

PART B - STATEMENT OF ADDITIONAL INFORMATION

The Statement of Additional Information for the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF is incorporated herein by reference to Part B of PEA No. 441.

PART C - OTHER INFORMATION

The Part C for the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF is incorporated herein by reference to Part C of PEA No. 441.

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. 474 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 17^th day of November, 2025.

	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		November 17, 2025
Jonathan Krane			and Principal Financial Officer
/s/ Luis Berruga*			Trustee		November 17, 2025
Luis Berruga
/s/ John Ferguson*			Trustee		November 17, 2025
John Ferguson
/s/ Matthew Stroyman*			Trustee		November 17, 2025
Matthew Stroyman
*	/s/ Stacy L. Fuller
	Stacy L. Fuller

*

Attorney-in-Fact pursuant to powers of attorney dated September 29, 2015 and September 26, 2024.