{
 "ticker": "TCAN",
 "name": "21Shares Canton Network ETF",
 "issuer": "21Shares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/TCAN",
 "html": "https://etfiq.com/funds/TCAN",
 "markdown": "https://etfiq.com/funds/TCAN.md",
 "as_of": "2026-09-11",
 "verdict": "TCAN holds 2 stocks, and 100% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "0.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TCAN, already in the S&P 500: 0.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TCAN, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TCAN, top ten holdings: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221233.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TCAN, total return, since launch: \u221233.0%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TCAN, net assets: $6m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Apr 2, 2026",
   "as_of": "2026-09-11",
   "sentence": "TCAN, expense ratio: 0.50% (485BPOS XBRL, Apr 2, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Stablecoins and tokenisation",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 7, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "100.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "2",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "21Shares AG 53.3%, Canton Coin 46.7%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221241.5%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Apr 2, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.50%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221238.6%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221242.0 pts",
   "Gap to Nasdaq-100": "\u221237.9 pts"
  },
  {
   "window": "Since launch",
   "Total return": "\u221233.0%",
   "S&P 500": "+4.7%",
   "Gap to S&P 500": "\u221237.7 pts",
   "Gap to Nasdaq-100": "\u221236.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of TCAN is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 0% of TCAN by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does TCAN hold?",
   "a": "2 positions as filed for Jun 30, 2026, with the top ten at 100% of the fund. The largest are 21Shares AG at 53.3%, Canton Coin at 46.7%."
  },
  {
   "q": "Has TCAN beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 TCAN returned \u221233.0% with distributions reinvested, against +4.7% for the S&P 500, so it finished behind the index by 37.7 points."
  },
  {
   "q": "What does TCAN cost?",
   "a": "The prospectus expense ratio is 0.50% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.50%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}