Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 189

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 189
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 part (in such capacity, the “Selling
Shareholder”), which Shares will have been registered to permit the resale from time to time after purchase. The Trust will
not receive any of the proceeds from the resale or redemption by the Selling Shareholder of these Shares. The Sponsor will not
receive from the Trust or any of its affiliates any fee or other compensation in connection with the resale of these Shares.

The Initial Seed Creation
Investor may sell some or all of the Shares pursuant to the registration statement that this Prospectus forms a part (in such capacity,
the “Selling Shareholder”), which Shares will have been registered to permit the resale from time to time after purchase.
The Shares offered by the Selling Shareholder were acquired by the Selling Shareholder as described in the registration statement and
could be sold at different times and at different offering prices. The Trust will not receive any of the proceeds from the resale or
redemption by the Selling Shareholder of these Shares. The Sponsor will not receive from the Trust or any of its affiliates any fee or
other compensation in connection with the resale of these Shares.

A Selling Shareholder may
sell Shares owned by the Selling Shareholder directly or through broker-dealers, in accordance with applicable law, on any national securities
exchange on which the Shares may be listed or quoted at the time of sale, through trading systems, in the OTC market or in transactions
other than on these exchanges or systems at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined
at the time of sale, or at negotiated prices. These sales may be effected through brokerage transactions, privately negotiated trades,
block sales, entry into options or other derivatives transactions or through any other means authorized by applicable law. A Selling
Shareholder may redeem Shares held in Basket size through an Authorized Participant. See “Conflicts of Interest.”

Lock-Up Period

As of the date of this
Prospectus, Ripple Markets, Inc. (“Ripple Markets”) holds 10,000,000 Shares. For a period beginning December 17, 2024 and
lasting two (2) years thereafter (such period, the “Lock-up Period”), Ripple Markets has agreed that it shall not, without
the prior written consent of the Sponsor, sell, transfer, assign, pledge, hypothecate or otherwise dispose of any of the Shares it holds,
nor will Ripple Markets seek to have the Trust or the Sponsor redeem the Shares during the Lock-up Period. Following expiration of