Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 219

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 219
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, LLC.

“21Shares Group”: The broader
structure of 21Shares AG and its affiliates.

“abrdn”: abrdn plc, a global investment
company.

“Accepted Asset”: A digital asset
that is a fully reserve backed digital token, commonly referred to as a “stablecoin”, that seeks to peg its value to that
of the quote asset, where the issuer operates a 1:1 redemption facility and solely holds reserve assets that are in line with the prevailing
regulations enforced for government security money market funds in major jurisdictions such as the United States, United Kingdom and
the European Union.

“Additional Trust Expenses”: Taxes
and governmental charges, expenses and costs of any extraordinary services performed by the Sponsor (or any other service provider) on
behalf of the Trust to protect the Trust or the interests of Shareholders, any indemnification of the XRP Custodian, Administrator or
other agents, service providers or counter-parties of the Trust, the fees and expenses related to the listing, and extraordinary legal
fees and expenses, including any legal fees and expenses incurred in connection with litigation, regulatory enforcement or investigation
matters.

“Administrator”: [●].

“Advisers Act”: The Investment
Advisers Act of 1940.

“API”: Automatic Programming Interface.

“Article 8”: Article 8 of
the New York Uniform Commercial Code.

“ASC”: Accounting Standards Codification.

“ASC 820-10”: Accounting Standards
Codification 820-10, Fair Value Measurements and Disclosures.

“AUL”: Authorized User List.

“Authorized Amount”: An amount to be determined, on
a daily basis, based on the Lender’s sole discretion considering factors including, but not limited to, availability of financing
and credit due diligence of the Trust.

“Authorized Participant”: One that
purchases or redeems Baskets from or to the Trust.

“Available Balance”: The then-current amount available
to the Trust to place orders.

“Basket”: A block of [●] Shares
used by the Trust to issue or redeem Shares.

<div align='center'>A-1</div>

“Basket Deposit”: The total deposit
required to create each Basket.

“Benchmark Licensing Agreement”:
The licensing agreement by and between the Sponsor and the Benchmark Provider relating to the use of the Pricing Benchmark by the Sponsor
and its permitted affiliates.

“Benchmark Provider”: CF Benchmarks
Ltd.

“BMR”: UK Benchmarks Regulation.

“BSA”: U