Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 143

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 143
---
 Daily 
 Volume        
 (in USD)      |       |
|:-----------------------------------------------------------|:----|:--------------|:------|
| [    ]                                                     |     | $             | [   ] |
| [    ]                                                     |     | $             | [   ] |
| [    ]                                                     |     | $             | [   ] |
| [    ]                                                     |     | $             | [   ] |
| [    ]                                                     |     | $             | [   ] |
| [    ]                                                     |     | $             | [   ] |

The domicile, regulation
and legal compliance of the Constituent Exchanges included in the Pricing Benchmark varies. Information regarding each XRP Exchange may
be found, where available, on the websites for such Constituent Exchanges and public registers for compliance with local regulations,
among other places.

The Sponsor has entered
into a licensing agreement with the Benchmark Provider to use the Pricing Benchmark (the “Benchmark Licensing Agreement”).
The Trust is entitled to use the Pricing Benchmark pursuant to a sub-licensing arrangement with the Sponsor. Pursuant to the Benchmark
Licensing Agreement, the Benchmark Provider provides each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable,
non-sub-licensable, perpetual, worldwide, license to access, view and use the Pricing Benchmark to develop, create, calculate, settle,
maintain or support and market the Trust. Such license will have a one-year initial term and will automatically be renewed for successive
one-year periods, unless terminated pursuant to the terms of the agreement.

As the Pricing Benchmark is
calculated as a price return, it does not track airdrops involving XRP. Accordingly, the Trust does not participate in airdrops,
as further described above in “Risk Factors — The inability to recognize the economic benefit of a ‘fork’ or an ‘airdrop’ could adversely impact an investment in the Trust.”

[●] DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR THE TRUST’S PRODUCTS. [●], ITS AGENTS AND LICENSORS HAVE NO OTHER CONNECTION TO THE TRUST’S PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY OF THE TRUST’S PRODUCTS OR SERVICES. [●], ITS AGENTS AND LICENSORS HAVE NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE TRUST’S PRODUCTS AND SERVICES. [●], ITS AGENTS AND LICENSORS DO NOT GUARANTEE THE ACCURACY