ETF Evaluator:
21Shares Canton Network ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Digital Assets Over the Last Year
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Risk
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Risk
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ETF Details
21Shares Canton Network ETF Overview
21Shares Canton Network ETF (TCAN) is an actively managed Miscellaneous Digital Assets exchange-traded fund (ETF). 21Shares US LLC launched the ETF in 2026.
The investment seeks investment results, before fees and expenses, that correspond to the price performance of Canton Coin (“CC”).
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in CC and other instruments that provide exposure to or produce returns consistent with the price performance of CC. The fund is non-diversified.
About 21Shares Canton Network ETF (TCAN)
There are 3 members of the management team with an average tenure of 0.24 years: Springer Harris (2026), Joran Haugens (2026) and Chris Small (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
21Shares Canton Network ETF has 4 securities in its portfolio. The top 10 holdings constitute 66.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
21Shares Canton Network ETF is part of the Other global asset class and is within the Miscellaneous ETF group. 21Shares Canton Network ETF has 33.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 33.5% (0.0% domestic bond, 33.5% foreign bond and 0.0% convertible bond). 21Shares Canton Network ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TCAN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The 21Shares Canton Network ETF expense ratio is average compared to funds in the Digital Assets category. 21Shares Canton Network ETF has an expense ratio of 0.50%, which is 48% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. 21Shares Canton Network ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, 21Shares Canton Network ETF returned -17.9%, which earned it a grade of F, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
21Shares Canton Network ETF has a trailing yield of 0.00%, which is below the 15.12% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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TCAN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TCAN Return (NAV) | -17.9% | na | na | na | na | na |
| TCAN Return (Price) | -16.7% | na | na | na | na | na |
| NAV +/- Price Return | -1.230% | na | na | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| TCAN Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -20.8% | na | na | na | na | na |
| TCAN Tax-Cost Ratio | na | na | na | na | na | na |
TCAN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TCAN Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| TCAN Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| TCAN Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 5 Mil |
| Share Class Assets: | $ 5 Mil |
| Turnover: | na |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Harris Springer (2026), Haugens Joran (2026), Small Chris (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 4 |
| % in Top 10 Holdings: | 66.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 33.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 33.5% |
| Convertible Bond: | 0.0% |
| Other: | 66.3% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | 21Shares US LLC |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | May 6, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.97% |
