Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 164

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 164
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 Upon the
termination of the Trust, the Sponsor will be discharged from all obligations under the Trust Agreement except for its certain obligations
that survive termination of the Trust Agreement.

Amendments

The Trust Agreement can be
amended by the Sponsor in its sole discretion and without the Shareholders’ consent by making an amendment, a Trust Agreement supplemental
thereto, or an amended and restated trust agreement. Any such restatement, amendment and/or supplement to the Trust Agreement will be
effective on such date as designated by the Sponsor in its sole discretion. However, any amendment to the Trust Agreement that affects
the duties, liabilities, rights or protections of the Trustee will require the Trustee’s prior written consent, which it may grant
or withhold in its sole discretion. Every Shareholder, at the time any amendment so becomes effective, will be deemed, by continuing
to hold any Shares or an interest therein, to consent and agree to such amendment and to be bound by the Trust Agreement as amended thereby.
In no event will any amendment impair the right of Authorized Participants to surrender baskets and receive therefor the amount of Trust
assets represented thereby (less fees in connection with the surrender of Shares and any applicable taxes or other governmental charges),
except in order to comply with mandatory provisions of applicable law. The Trust will notify the owners of the beneficial interests of
Shares in a prospectus supplement or in its periodic Exchange Act reports, as applicable, and on the Sponsor’s website.

Litigation and Claims

Within the past five years
of the date of this Prospectus, there have been no material administrative, civil or criminal actions against the Sponsor, the Trust
or any principal or affiliate of any of them. This includes any actions pending, on appeal, concluded, threatened, or otherwise known
to them.

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THE TRUST’S SERVICE PROVIDERS</div>

The Sponsor

The Sponsor arranged for the
creation of the Trust and is responsible for the ongoing registration of the Shares for their public offering in the United States
and the listing of Shares on the Exchange. The Sponsor will not exercise day-to-day oversight over the Trustee, the XRP Custodian,
or the Benchmark Provider. The Sponsor will develop a marketing plan for the Trust, will prepare marketing materials regarding the Shares
of the Trust, and will exercise the marketing plan of the Trust on an ongoing basis.

The Sponsor is a
wholly-owned subsidiary of 21co Holdings Limited (formerly known as Amun Holdings Limited). The ultimate