Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 259

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 259
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 rights, acquired by the Trust through the exercise (subject to the applicable provisions of the Trust Agreement)
of any Incidental Right.

“JOBS Act”: The Jumpstart Our Business
Startups Act of 2012.

“Kraken”: Payward, Inc. (d/b/a “Kraken”).

“KYT”: Know-Your-Transaction.

“Lender”: Coinbase Credit, Inc.

“Liquidating Trustee”: Such person
as the majority in interest of the beneficial owners of the Trust may propose and approve that shall take full charge of the property
of the Trust.

“Marketing Agent”: Foreside Global
Services, LLC.

“Marketing Fee”: The fee payable
to the Marketing Agent for services it provides to the Trust.

“McHenry Bill”: The Clarity for Payment
Stablecoins Act of 2023, as introduced by House Finance Committee Chair Patrick McHenry which would make it unlawful for any
entity other than a permitted payment stablecoin issuer to issue a payment stablecoin.

“MPC”: Multi-Party Computation.

“Mutually Capped Liabilities”: Third-party
claims and losses to the extent arising out of or relating to, among others, the Coinbase Custodian’s gross negligence, violation
of its confidentiality, data protection and/or information security obligations, or violation of any law, rule or regulation with respect
to the provision of its services.

“NAV”: Net asset value of the Trust.

“NAV per Share”: NAV per Share outstanding.

“NBMMs”: Non-bank market makers.

“NYDFS”: The New York State
Department of Financial Services.

“OFAC”: The Office of Foreign Assets
Control of the U.S. Treasury Department.

“OTC”: Over the counter.

“PB Mutually Capped Liabilities”:
In respect of the Prime Broker’s obligations to indemnify the Trust and its affiliates against third-party claims and losses to
the extent arising out of or relating to, among others, the Prime Broker’s gross negligence, violation of its confidentiality,
data protection and/or information security obligations, violation of any law, rule or regulation with respect to the provision of its
services, or the full amount of the Trust’s assets lost due to the insolvency of or security event at a Connected Trading Venue,
the Prime Broker’s liability shall not exceed the greater of (A) $5 million and (B) the aggregate fees paid by the Trust to the
Prime Broker in the 12 months prior to the event giving rise to the