Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 260

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 260
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. Securities and
Exchange Commission.

“Selling Shareholder”: The Initial
Seed Creation Investor in its capacity as a seller of some or all of the Shares pursuant to the registration statement that this Prospectus
forms a part.

“Settlement Deadline”: The Trust
must generally repay Trade Credits by 6:00 PM E.T. on the Business Day immediately following the day the Trade Credit was extended by
the Lender to the Trust (or, if such day is not a Business Day, on the next Business Day).

“Shareholders”: Holders of Shares.

“Shares”: Common shares representing
fractional undivided beneficial interests in the Trust.

“SIPC”: Securities Investor Protection
Corporation.

“SOC”: Systems and Organizational Control.

<div align='center'>A-5</div>

“Sponsor”: 21Shares US LLC, a Delaware
limited liability company.

“Sponsor Fee”: The feed paid by the
Trust to the Sponsor as compensation for services performed under the Trust Agreement.

“Sponsor Indemnified Party”: The
Sponsor and its shareholders, members, directors, officers, employees, affiliates and subsidiaries.

“Sponsor-paid Expense(s)”: The
fees and other expenses incurred by the Trust in the ordinary course of its affairs, which the Sponsor assumes and pays, excluding taxes,
but including (i) the Marketing Fee, (ii) fees to the Administrator, if any, (iii) fees to the XRP Custodian, (iv) fees to
the Transfer Agent, (v) fees to the Trustee, (vi) the fees and expenses related to any future listing, trading or quotation of the Shares
on any listing exchange or quotation system (including legal, marketing and audit fees and expenses), (vii) ordinary course legal
fees and expenses but not litigation-related expenses, (viii) audit fees, (ix) regulatory fees, including, if applicable, any fees
relating to the registration of the Shares under the 1933 Act or the Exchange Act, (x) printing and mailing costs, (xi) costs
of maintaining the Sponsor’s website and (xii) applicable license fees, provided that any expense that qualifies as an Additional
Trust Expense will be deemed to be an Additional Trust Expense and not a Sponsor-paid Expense.

“SVB”: Silicon Valley Bank.

“Trade Credit”: XRP or cash the Trust
may borrow the Lender on a short-term basis to avoid having to pre-fund