Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 186

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 186
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 resale of these Shares.

<div align='center'>PLAN OF DISTRIBUTION</div>

Buying and Selling Shares

Most investors buy and
sell Shares of the Trust in secondary market transactions through brokers. Shares are expected to trade on the Exchange under the ticker
symbol “TOXR”. Shares are expected to be bought and sold throughout the trading day like other publicly traded
securities. When buying or selling Shares through a broker, most investors will incur customary brokerage commissions and charges. Shareholders
are encouraged to review the terms of their brokerage account for details on applicable charges.

Authorized Participants

The offering of the Trust’s
Shares is a best-efforts offering. The Trust continuously offers Baskets consisting of 10,000 Shares to Authorized Participants.
Authorized Participants pay a transaction fee for each order they place to create or redeem one or more Baskets.

The offering of Baskets is
being made in compliance with Rule 2310 of the FINRA Rules. Accordingly, Authorized Participants will not make any sales to any
account over which they have discretionary authority without the prior written approval of a purchaser of Shares.

The per share price of Shares
offered in Baskets on any subsequent day will be the total NAV of the Trust calculated shortly after the close of the Exchange on
that day divided by the number of issued and outstanding Shares of the Trust. An Authorized Participant is not required to sell
any specific number or dollar amount of Shares.

By executing an Authorized
Participant Agreement, an Authorized Participant becomes part of the group of parties eligible to purchase Baskets from, and put Baskets
for redemption to, the Trust. An Authorized Participant is under no obligation to create or redeem Baskets or to offer to the public
Shares of any Baskets it does create.

<div align='center'>87</div>

Because new Shares can be
created and issued on an ongoing basis, at any point during the life of the Trust, a “distribution,” as such term is used
in the 1933 Act, will be occurring. Authorized Participants, other broker-dealers and other persons are cautioned that some of their
activities may result in their being deemed participants in a distribution in a manner that would render them statutory underwriters
and subject them to the prospectus-delivery and liability provisions of the 1933 Act. Any purchaser who purchases Shares with a view
towards distribution of such Shares may be deemed to be a statutory underwriter. In addition, an Authorized Participant, other broker-dealer
firm or its client will be deemed a