Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 214

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 214
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 also a CFA and CAIA charterholder.

Ms. Edel Bashir,
46, has been the Chief Operating Officer of the Sponsor since March 1, 2025, with over 20 years of experience in asset management. Previously,
Edel was the COO of Multi Asset and Alternative Investment Solutions, COO of Alternatives and a Senior Investment Manager at abrdn. Her
expertise includes operation strategy, portfolio management, and hedge fund research. A graduate of University of College Cork, Ireland
with a BSc in Finance, she has held senior roles across Bermuda, Dublin and Boston.

Mr. Andres Valencia,
37, is the Executive Vice President of Investment Management at the Sponsor and a member of the Executive Committee. Before Andres joined
in June 2021, he was a VP of Operations at JPMorgan as part of the Beta Strategies Group and helped launch and build the company’s
ETF business. Andres has over ten years of experience managing ETFs. Andres started his career in Asset Servicing at Bank of New York
Mellon covering commodity and currency ETFs.

<div align='center'>103

BOOKS AND RECORDS</div>

The Trust keeps its books
of record and account at the office of the Administrator, or such office, including of an administrative agent, as it may subsequently
designate upon notice. The books and records are open to inspection by any person who establishes to the Trust’s satisfaction that
such person is a Shareholder upon reasonable advance notice at all reasonable times during usual business hours of the Trust.

The Trust will also keep a
copy of the Trust Agreement on file in the Sponsor’s office which will be available for inspection by any Shareholder at all times
during its usual business hours upon reasonable advance notice.

<div align='center'>STATEMENTS, FILINGS, AND REPORTS TO SHAREHOLDERS</div>

After the end of each fiscal
year, the Sponsor will cause to be prepared an annual report for the Trust containing audited financial statements. The annual report
will be in such form and contain such information as will be required by applicable laws, rules and regulations and may contain such
additional information which the Sponsor determines shall be included. The annual report will be filed with the SEC and the Exchange
and will be distributed to such persons and in such manner, as is required by applicable laws, rules and regulations.

The Sponsor is responsible
for the registration and qualification of the Shares under the federal securities laws. The Sponsor will also prepare, or