Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 196

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 196
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, including itself or any Affiliate, to provide for custodian, security services      
 or to determine not to appoint any custodian or other security vendors, and to otherwise take any action with respect to the XRP Custodian 
 or any XRP custodians or other security vendors to safeguard the Trust Estate;                                                             |

| ● | In the sole and absolute discretion of the Sponsor, to admit      
 an Affiliate or Affiliates of the Sponsor as additional Sponsors; |

| ● | Delegate those of its duties hereunder as it shall determine                                                                                
 from time to time to one or more service providers, and add any additional service providers, including but not limited to any sub-adviser, 
 administrator, transfer agent, custodian(s), index or benchmark provider, Authorized Participants, marketing agent(s), insurer(s) and       
 any other service provider(s) and cause the Trust to enter into contracts with such service provider(s) if needed and as applicable;        |

| ● | Perform such other services as the Sponsor believes that the 
 Trust may from time to time require;                         |

<div align='center'>95</div>

| ● | Under the Trust Agreement, the Sponsor has the right, in its                                                                           
 sole discretion, to determine what action to take in connection with the Trust’s entitlement to or ownership of Incidental Rights      
 or any IR Virtual Currency, and Trust may take any lawful action necessary or desirable in connection with the Trust’s ownership       
 of Incidental Rights, including the acquisition of IR Virtual Currency, as determined by the Sponsor in the Sponsor’s sole discretion, 
 unless such action would adversely affect the status of the Trust as a grantor trust for U.S. federal income tax purposes or otherwise 
 be prohibited by the Trust Agreement. However, with respect to any fork, airdrop or similar event, the Sponsor will cause the Trust to 
 irrevocably abandon the Incidental Rights or IR Virtual Currency. In the event the Trust seeks to change this position, an application 
 would need to be filed with the SEC by the Exchange seeking approval to amend its listing rules;                                       |

| ● | Without limiting the generality of the foregoing, in the event                                                                                   
 of a hard fork of the XRP Ledger, the Sponsor may, in reasonable good faith, determine which peer-to-peer network, among a group of incompatible 
 forks of the XRP Ledger, is generally accepted as the XRP Ledger and should therefore be considered the appropriate network for the Trust’s      
 purposes;                                                                                                                                        |

| ● | In