Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 208

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 208
---
 position, an application would need to be filed with the SEC by the Exchange seeking approval  
 to amend its listing rules.                                                                    |

| ● | In general,                                                                                 
 to do everything necessary, suitable or proper for the accomplishment of any purpose or the 
 attainment of any objective or the furtherance of any power herein set forth, either alone  
 or in association with others, and to do every other act or thing incidental or appurtenant 
 to, or growing out of or connected with, the aforesaid purposes, objects or powers; and     |

| ● | In addition,                                                                                    
 and without limiting the foregoing, the Sponsor will have full power and authority, in its      
 sole discretion, without seeking the approval of the Trustee or the Shareholders (a) to         
 establish and designate and to change in any manner and to fix such preferences, voting powers, 
 rights, duties and privileges of the Trust as the Sponsor may from time to time determine,      
 (b) to divide the beneficial interest in the Trust into an unlimited amount of shares,          
 with or without par value, as the Sponsor will determine, (c) to issue shares without           
 limitation as to number (including fractional shares), to such persons and for such amount      
 of consideration, subject to any restriction set forth in the Trust Agreement, if any, at       
 such time or times and on such terms as the Sponsor may deem appropriate, (d) to divide         
 or combine the shares into a greater or lesser number without thereby materially changing       
 the proportionate beneficial interest of the shares in the assets held, and (e) to take         
 such other action with respect to the shares as the Sponsor may deem desirable.                 |

To the extent that at law
(common or statutory) or in equity, the Sponsor has duties (including fiduciary duties) and liabilities relating thereto to the Trust,
the Shareholders or to any other person, the Sponsor will not be liable to the Trust, the Shareholders or to any other person for its
good faith reliance on the provisions of the Trust Agreement or this Prospectus unless such reliance constitutes gross negligence, bad
faith, or willful misconduct on the part of the Sponsor.

<div align='center'>99

LIABILITY AND INDEMNIFICATION</div>

Trustee

As further discussed in the
Trust Agreement, the Trustee will not be liable for the acts or omissions of the Sponsor, nor will the Trustee be liable for supervising
or monitoring the performance and the duties and obligations