Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 167

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 167
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 that will provide exposure
to spot digital assets and will trade on an exchange.

The principal office of the
Sponsor is:

21Shares US LLC
477 Madison Avenue, 6 Floor
New York, New York 10022

The Trustee

CSC Delaware Trust Company,
a Delaware trust company, acts as the trustee of the Trust for the purpose of creating a Delaware statutory trust in accordance with
the DSTA. The Trustee is appointed to serve as the trustee of the Trust in the State of Delaware for the sole purpose of satisfying
the requirement of Section 3807(a) of the DSTA that the Trust have at least one trustee with a principal place of business
in the State of Delaware.

General duty of care of Trustee.

The Trustee is a fiduciary
under the Trust Agreement; provided, however, that the fiduciary duties and responsibilities and liabilities of the Trustee are limited
by, and are only those specifically set forth in, the Trust Agreement.

Resignation, discharge or removal of Trustee; successor Trustees.

The Trustee may resign at
any time by giving at least 30 days advance written notice to the Sponsor. The Sponsor may remove the Trustee at any time by giving
at least 30 days advance written notice to the Trustee. Upon effective resignation or removal, the Trustee will be discharged of
its duties and obligations.

If the Trustee resigns or
is removed, the Sponsor, acting on behalf of the Shareholders, is required to use reasonable efforts to appoint a successor trustee.
Any successor Trustee must satisfy the requirements of Section 3807 of the DSTA. Any resignation or removal of the Trustee
and appointment of a successor Trustee cannot become effective until a written acceptance of appointment is delivered by the successor
Trustee to the outgoing Trustee and the Sponsor and any fees and expenses due to the outgoing Trustee are paid or waived by the outgoing
Trustee. Following compliance with the preceding sentence, the successor will become fully vested with the rights, powers, duties and
obligations of the outgoing Trustee under the Trust Agreement, with like effect as if originally named as Trustee, and the outgoing Trustee
shall be discharged of its duties and obligations herein. If no successor Trustee shall have been appointed and shall have accepted such
appointment within forty-five (45) days after the giving of such notice of resignation or removal, the Trustee may petition any
court of competent jurisdiction for the appointment of