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

AS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION ON JANUARY 16, 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. 480	☒

and/or

REGISTRATION STATEMENT

UNDER

	THE INVESTMENT COMPANY ACT OF 1940	☒
	Amendment No. 483	☒

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:

Franklin H. Na

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 February 19, 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 No. 480 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 February 19, 2026, the effectiveness of Post-Effective Amendment No. 430 ("PEA No. 430") with respect to the KraneShares MLM Commodity Long/Neutral Index Strategy ETF, which was filed with the Commission via EDGAR Accession No. 0001829126-25-002719 on April 16, 2025. Since no other changes are intended to be made to PEA No. 430 with respect to the KraneShares MLM Commodity Long/Neutral Index Strategy ETF by means of this filing, Parts A, B and C of PEA No. 430 are incorporated herein by reference.

PART A - PROSPECTUS

The Prospectus for the KraneShares MLM Commodity Long/Neutral Index Strategy ETF is incorporated herein by reference to Part A of PEA No. 430.

PART B - STATEMENT OF ADDITIONAL INFORMATION

The Statement of Additional Information for the KraneShares MLM Commodity Long/Neutral Index Strategy ETF is incorporated herein by reference to Part B of PEA No. 430.

PART C - OTHER INFORMATION

The Part C for the KraneShares MLM Commodity Long/Neutral Index Strategy ETF is incorporated herein by reference to Part C of PEA No. 430.

In addition, filed herewith as Item 28, are Powers of Attorney dated January 15, 2026.

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. 480 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 16^th day of January, 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		January 16, 2026
Jonathan Krane			and Principal Financial Officer
/s/ Luis Berruga*			Trustee		January 16, 2026
Luis Berruga
/s/ John Ferguson*			Trustee		January 16, 2026
John Ferguson
/s/ Matthew Stroyman*			Trustee		January 16, 2026
Matthew Stroyman
*	/s/ Franklin H. Na
	Franklin H. Na

*

Attorney-in-Fact pursuant to powers of attorney dated January 15, 2026 and filed herewith.