Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 188

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 188
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 of $25.00. The total proceeds to the Trust from the sale
of the Initial Seed Creation Baskets are expected to be approximately $500,000.00. Such proceeds are expected to be used by the Trust
to purchase XRP at or immediately prior to the listing of the Shares on the Exchange. In this capacity, the Initial Seed Creation Investor
will act as a statutory underwriter in connection with this purchase. The XRP acquired in connection with Initial Seed Baskets will be
held by the XRP Custodians. The actual price of the Shares comprising the Initial Seed Creation Baskets will be determined as of the
effective date of the registration statement of which this Prospectus forms a part as described in this Prospectus, and such Shares could
be sold at different prices if sold by the Initial Seed Creation Investor at different times. It is anticipated that the Initial Seed
Creation Investor may redeem its Shares or sell its Shares to a third party in the weeks following the initial listing of Shares on the
Exchange. The Initial Seed Creation Investor may sell some or all of its Shares pursuant to the registration statement of which 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 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,