Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 16

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 16
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 the use of the Pricing Benchmark
for any purpose. Pricing Benchmark information and any other data calculated and/or disseminated, in whole or part, by the Benchmark
Provider is for informational purposes only, not intended for trading purposes, and provided on an “as is” basis. The Benchmark
Provider does not warrant that the Pricing Benchmark information will be uninterrupted or error-free, or that defects will be corrected.
The Benchmark Provider also does not recommend or make any representation as to possible benefits from any securities or investments,
or third-party products or services. Shareholders should undertake their own due diligence regarding securities and investment practices.

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For more information on the
Pricing Benchmark and the Benchmark Provider, see “The Trust and XRP Prices”below.

The Trust’s Legal Structure

The Trust is a Delaware statutory
trust, formed on June 3, 2024 pursuant to the Delaware Statutory Trust Act (“DSTA”). The Trust continuously issues Shares
representing fractional undivided beneficial interest in, and ownership of, the Trust that may be purchased and sold on the Exchange.
The Trust will operate pursuant to an Amended and Restated Trust Agreement (the “Trust Agreement”). CSC Delaware Trust Company,
a Delaware trust company, is the Delaware trustee of the Trust (the “Trustee”). The Trust is managed and controlled by the
Sponsor. The Sponsor is a limited liability company formed in the state of Delaware on June 16, 2021.

The Trust’s Service Providers

The Sponsor

The Sponsor, 21Shares US LLC,
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 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 Trustee

The Trustee, CSC Delaware Trust
Company, a Delaware trust company, acts as the trustee of the Trust as required to create a Delaware statutory trust in accordance with
the Trust’s Declaration of Trust and the DSTA.

The Administrator

[●] serves as the
Trust’s administrator (the “Administrator”). The Administrator’s principal address is [●]. Under the Fund
Administration and Accounting Agreement, the Administrator provides necessary administrative, tax and accounting services and financial
reporting for the maintenance and operations of the Trust, including valuing the Trust’s XRP and