Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 156

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 156
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 event will any amendment impair the right of Authorized Participants to surrender baskets and receive therefor the amount of Trust
assets represented thereby (less fees in connection with the surrender of Shares and any applicable taxes or other governmental charges),
except in order to comply with mandatory provisions of applicable law. The Trust will notify the owners of the beneficial interests of
Shares in a prospectus supplement or in its periodic Exchange Act reports, as applicable, and on the Sponsor’s website.

Litigation and Claims

Within the past five years
of the date of this Prospectus, there have been no material administrative, civil or criminal actions against the Sponsor, the Trust or
any principal or affiliate of any of them. This includes any actions pending, on appeal, concluded, threatened, or otherwise known to
them.

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THE TRUST’S SERVICE PROVIDERS</div>

The Sponsor

The Sponsor 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 not exercise day-to-day oversight over the Trustee, the XRP Custodian,
or the Benchmark Provider. 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 Sponsor is a wholly-owned
subsidiary of 21co Holdings Limited. At present, the primary business activities of 21co Holdings Limited are providing exchange traded
products and technology services in the digital asset space through its subsidiaries.

21Shares AG, an affiliate
of the Sponsor, has considerable experience issuing and operating exchange-traded products that provide exposure to digital assets, operating
such exchange-traded products since 2018. As of [●], 2025, 21Shares AG oversees approximately $[●] billion in assets
under management and nearly 40 digital asset-related exchange-traded products across various jurisdictions. Although the Sponsor is a
relatively new entity within the broader structure of 21Shares AG and its affiliates (collectively, the “21Shares Group”),
the Sponsor utilizes a similar management team that the 21Shares Group has used in issuing and operating these exchange-traded products.
Since January 2024 and July 2024, the Sponsor has served as sponsor to Ark 21Shares Bitcoin ETF and 21Shares Core Ethereum Trust, each
an exchange-traded product registered under the 1933 Act and