AS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 5, 2025

File Nos. 333-180870 and 811-22698

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT

UNDER

and/or

REGISTRATION STATEMENT

UNDER

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):

 If appropriate, check the following box:

EXPLANATORY NOTE

This Post-Effective Amendment No. 453 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 September 16, 2025, the effectiveness of Post-Effective Amendment No. 434 (“PEA No. 434”) with respect to the KraneShares Wahed Short-Term Alternative Income Index ETF, which was filed with the Commission via EDGAR Accession No. 0001829126-25-004050 on May 29, 2025. Since no other changes are intended to be made to PEA No. 434 with respect to the KraneShares Wahed Short-Term Alternative Income Index ETF by means of this filing, Parts A, B and C of PEA No. 434 are incorporated herein by reference.

PART A – PROSPECTUS

The Prospectus for the KraneShares Wahed Short-Term Alternative Income Index ETF is incorporated herein by reference to Part A of PEA No. 434.

PART B – STATEMENT OF ADDITIONAL INFORMATION

The Statement of Additional Information for the KraneShares Wahed Short-Term Alternative Income Index ETF is incorporated herein by reference to Part B of PEA No. 434.

PART C – OTHER INFORMATION

The Part C for the KraneShares Wahed Short-Term Alternative Income Index ETF is incorporated herein by reference to Part C of PEA No. 434.

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. 453 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 4^th day of September, 2025.

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.