Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 263

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 263
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 the rights and duties of the parties hereto and the interests of the Shareholders
and, in such event, the legal expenses and costs of any such action will be expenses and costs of the Trust and the Sponsor will be entitled
to be reimbursed therefor by the Trust. The obligations of the Trust to indemnify the Sponsor Indemnified Parties will survive the termination
of the Trust Agreement.

Item 15. Recent Sales of Unregistered Securities.

Prior to the listing of the Shares on the Exchange, 21Shares US LLC, in its capacity as the Initial Seed Creation Investor, is expected
to purchase the initial seed creation baskets comprising 10,000 Shares (the “Initial Seed Creation Baskets”) at a per-Share
price of $[●], in a private placement exempt from registration in reliance on Section 4(a)(2) of the Securities Act in a transaction
by an issuer not involving a public offering.

<div align='center'>II-1</div>

Item 16. Exhibits and Financial Statement Schedules.

(a) Exhibits.

| Exhibit No. |     | Exhibit Description                                                                                        |
| 3.1         |     | Trust Agreement(1)                                                                                         |
| 3.2         |     | Third Amended and Restated Trust Agreement(2)                                                              |
| 3.3         |     | Certificate of Trust(1)                                                                                    |
| 3.4         |     | Certificate of Amendment to Certificate of Trust(1)                                                        |
| 3.5         |     | Certificate of Amendment to Certificate of Trust(1)                                                        |
| 3.6         |     | Certificate of Amendment to Certificate of Trust(1)                                                        |
| 5.1         |     | Opinion of Dechert LLP as to legality(1)                                                                   |
| 8.1         |     | Opinion of Dechert LLP as to tax matters(2)                                                                |
| 10.1        |     | Form of Sponsor Agreement(1)                                                                               |
| 10.2        |     | Form of Authorized Participant Agreement(1)                                                                |
| 10.3        |     | Form of Prime Broker Agreement(1)                                                                          |
| 10.4        |     | Form of Coinbase Custodial Services Agreement(1) (included as Exhibit A to Form of Prime Broker Agreement) |
| 10.5        |     | Form of Fund Administration and Accounting Agreement(1)                                                    |
| 10.6        |