Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 163

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 163
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Shares Sui ETF, 21Shares Dogecoin ETF, 21Shares Ondo Trust, 21Shares Solana ETF and 21Shares Sei ETF each expect to become exchange-traded
products registered under the 1933 Act that will provide exposure to spot DOT, SUI, DOGE, ONDO, SOL, and SEI, respectively, and trade
on an exchange.

The principal office of the
Sponsor is:

21Shares US LLC
477 Madison Avenue, 6 Floor
New York, New York 10022

The Trustee

CSC Delaware Trust Company,
a Delaware trust company, acts as the trustee of the Trust for the purpose of creating a Delaware statutory trust in accordance with the
DSTA. The Trustee is appointed to serve as the trustee of the Trust in the State of Delaware for the sole purpose of satisfying the
requirement of Section 3807(a) of the DSTA that the Trust have at least one trustee with a principal place of business in the
State of Delaware.

General duty of care of Trustee.

The Trustee is a fiduciary
under the Trust Agreement; provided, however, that the fiduciary duties and responsibilities and liabilities of the Trustee are limited
by, and are only those specifically set forth in, the Trust Agreement.

Resignation, discharge or removal of Trustee; successor Trustees.

The Trustee may resign at any
time by giving at least 30 days advance written notice to the Sponsor. The Sponsor may remove the Trustee at any time by giving at
least 30 days advance written notice to the Trustee. Upon effective resignation or removal, the Trustee will be discharged of its
duties and obligations.

If the Trustee resigns or is
removed, the Sponsor, acting on behalf of the Shareholders, is required to use reasonable efforts to appoint a successor trustee. Any
successor Trustee must satisfy the requirements of Section 3807 of the DSTA. Any resignation or removal of the Trustee and appointment
of a successor Trustee cannot become effective until a written acceptance of appointment is delivered by the successor Trustee to the
outgoing Trustee and the Sponsor and any fees and expenses due to the outgoing Trustee are paid or waived by the outgoing Trustee. Following
compliance with the preceding sentence, the successor will become fully vested with the rights, powers, duties and obligations of the
outgoing Trustee under the Trust Agreement, with like effect as if