KraneShares SSE STAR Market 50 Index ETF 

KSTR Price

What is KraneShares SSE STAR Market 50 Index ETF (KSTR)?

KSTR is a US-listed exchange-traded fund issued by KraneShares that gives investors exposure to China's SSE Science and Technology Innovation Board — the STAR Market — without leaving a traditional brokerage. The fund launched on NYSE Arca on January 26, 2021, the first US-listed ETF tracking the STAR 50 Index. On DropsTab the asset appears as a TradFi instrument, with tokenized spot exposure and perpetual derivatives available alongside the underlying ETF.

Which index does the KSTR ETF track?

KSTR tracks the SSE Science and Technology Innovation Board 50 Index — the STAR 50 Index — which comprises the 50 largest companies on the Shanghai Stock Exchange's STAR Market by market capitalization and liquidity. The index concentrates in semiconductors, biomedicine, new energy, and environmental protection. Top constituents include Cambricon Technologies, Hygon Information Technology, Montage Technology, and Advanced Micro-Fabrication.

What are KSTR ETF holdings?

KSTR holdings mirror the STAR 50 Index — the 50 largest STAR Market companies weighted by market cap and liquidity. Sector concentration skews toward next-generation information technology, with semiconductor names like Cambricon, Hygon, Montage, and AMEC dominating the top of the portfolio. Biomedicine, new energy, and environmental protection fill the remaining weight.

Does KSTR pay dividends?

KSTR has historically distributed little to no dividend income, consistent with its growth-oriented STAR Market technology holdings. The ETF's expense ratio is 0.89% gross, reduced to 0.65% net after the adviser's 0.24% fee waiver. Any distributions are paid on the fund's annual schedule.

How is KSTR tokenized for crypto trading?

The only tokenized spot representation of KSTR is Bitget's RKSTR/USDT pair. RKSTR is a Reality Protocol rToken — each rToken is backed 1:1 by a real KSTR ETF share held in custody. Reality Protocol issues the rToken wrapper; KraneShares issues the underlying ETF. rToken supply is minted and burned against custodied shares, with no open-ended inflation.

Where can the KSTR ETF be traded?

Per DropsTab data, KSTR trades across multiple venues — one spot market and several perpetual derivatives markets, with no decentralized exchange markets tracked. The spot market is Bitget's RKSTR/USDT rToken pair. Perpetual futures reference the underlying ETF price and trade on venues including Binance Futures, Bybit, KuCoin Futures, Gate.io Futures, MEXC Futures, and Bitunix Futures. The underlying ETF also trades on NYSE Arca under ticker KSTR.

What backs the RKSTR spot token?

Each RKSTR rToken is backed 1:1 by a KSTR ETF share held in custody by Reality Protocol. The ETF share itself represents a claim on the STAR 50 Index equity basket. Perpetual futures on KSTR are not custodied-claim tokens — they are derivative swaps referencing the ETF price with no wrapper issuer and no custody backing.

Are there risks with the KSTR ETF?

KSTR carries structural regulatory risk: the fund holds Chinese-listed equities exposed to US-China policy shifts, capital controls, and delisting-listing rule changes. Spot liquidity is concentrated in a single rToken venue, and perpetual funding rates can diverge from the underlying ETF NAV. The ETF itself trades on NYSE Arca separately from crypto-venue markets.