Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 190

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 190
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 trust for which the Sponsor or an affiliate of the Sponsor serves as sponsor or investment advisor, may
purchase Shares of the Trust through a broker-dealer or other investors, including in secondary market transactions, and because the
Sponsor and its affiliates may be deemed affiliates of the Trust, the Shares are being registered to permit the resale of these Shares
by affiliates of the Trust from time to time after any such purchase. The Trust will not receive any of the proceeds from the resale
or redemption of such Shares.

21Shares US LLC (in such capacity,
the “Initial Seed Creation Investor”) is expected to purchase initial seed creation baskets comprising of 20,000 Shares (the
“Initial Seed Creation Baskets”) at a per Share price of $25.00. The total proceeds to the Trust from the sale of the Initial
Seed Creation Baskets are expected to be approximately $500,000.00. Such proceeds are expected to be used by the Trust to purchase XRP
at or immediately prior to the listing of the Shares on the Exchange. In this capacity, the Initial Seed Creation Investor will act as
a statutory underwriter in connection with this purchase. The XRP acquired in connection with Initial Seed Baskets will be held by the
XRP Custodians. The actual price of the Shares comprising the Initial Seed Creation Baskets will be determined as of the effective date
of the registration statement of which this Prospectus forms a part as described in this Prospectus, and such Shares could be sold at
different prices if sold by the Initial Seed Creation Investor at different times. It is anticipated that the Initial Seed Creation Investor
may redeem its Shares or sell its Shares to a third party in the weeks following the initial listing of Shares on the Exchange. The Initial
Seed Creation Investor may sell some or all of its Shares pursuant to the registration statement of which this Prospectus forms a part
(in such capacity, the “Selling Shareholder”), which Shares will have been registered to permit the resale from time to time
after purchase. The Trust will not receive any of the proceeds from the resale or redemption by the Selling Shareholder of these Shares.
The Sponsor will not receive from the Trust or any of its affiliates any fee or other compensation in connection with the resale of these
Shares.

The
Initial Seed Creation Investor may sell some or all of the Shares pursuant to the registration
statement of which this Prospectus forms a part (in such capacity, the “Selling Shareholder”),
which Shares will have been registered