Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 174

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 174
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 cause or condition beyond the reasonable control of the XRP Custodians. Under the Custodial Services Agreements,
except in the case of their negligence, fraud, material violation of applicable law or willful misconduct, the XRP Custodians shall
not have any liability, obligation, or responsibility for any damage or interruptions caused by any computer viruses, spyware,
scareware, Trojan horses, worms or other malware that may affect the Trust’s computer or other equipment, or any phishing,
spoofing or other attack, unless the XRP Custodians fail to have commercially reasonable policies, procedures and technical controls
in place to prevent such damages or interruptions.

The Coinbase Custodian
may terminate the Coinbase Custodial Services Agreement for any reason upon providing the applicable notice to the Trust, or immediately
for “cause” (as defined in the Coinbase Custodial Services Agreement), including for, among others, if the Trust materially
breaches the Prime Broker Agreement and such breach remains uncured for a specified period of time, or if the Trust undergoes a bankruptcy
event. The Anchorage Custodian may terminate the Anchorage Custodial Services Agreement upon a material breach which is not cured within
thirty (30) days after receipt by the Trust or Sponsor of written notice from the Anchorage Custodian of such breach. The Anchorage Custodian
and the Trust may terminate the Anchorage Custodial Services Agreement in the following cases: (i) either party reasonably determines,
following written advice of properly qualified counsel, that any part of the Services is or is likely to become in violation of applicable
Laws or raises material regulatory, risk, or reputational issues; (ii) either Party has acted fraudulently or made a willful misrepresentation;
(iii) the other Party files bankruptcy or is declared insolvent, or has an administrative or other receiver, manager, trustee, liquidator,
administrator, or similar officer appointed over all or any substantial part of its assets; or (iv) the other Party enters into or proposes
any composition or arrangement with its creditors generally; or (v) the other Party materially violates the confidentiality provisions
of the Anchorage Custodial Services Agreement.

The Trust’s Transfer
Agent will facilitate the settlement of Shares in response to the placement of creation orders and redemption orders from Authorized
Participants. The Trust generally does not intend to hold cash or cash equivalents. However, there may be situations where the Trust
will unexpectedly hold cash on a temporary basis, including in connection with the settlement of