Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 15

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 15
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 Sponsor’s website is incorporated by reference into this Prospectus.

Any adjustments made to the
Pricing Benchmark will be published on the Benchmark Provider’s website at https://www.cfbenchmarks.com or any successor
thereto. None of the information on the Benchmark Provider’s website is incorporated by reference into this Prospectus.

The selection of exchanges
for use in the Pricing Benchmark is based on the accessible venues where execution transactions for XRP will occur. The exchanges on
which market participants primarily execute transactions for XRP may evolve from time to time, and the Benchmark Provider may make changes
to the Constituent Exchanges comprising the Pricing Benchmark from time to time for this or other reasons. To the
extent the Trust executes transactions for XRP, the exchanges on which the Trust executes transactions do not impact the Constituent
Exchanges comprising the Pricing Benchmark. Although Constituent Exchanges are selected for inclusion within the Pricing Benchmark in
accordance with specified criteria and eligibility standards, changes to the Constituent Exchanges may result in an impact on the pricing
information reflected in the Pricing Benchmark. Once it has actual knowledge of material changes to the Constituent Exchanges used to
calculate the Pricing Benchmark, the Trust will notify the owners of the beneficial interests of Shares in a prospectus supplement or
in its periodic Exchange Act reports, as applicable, and on the Sponsor’s website.

The Sponsor may, in its
sole discretion, change either the Pricing Benchmark or Benchmark Provider without Shareholder approval. Should such a change take place,
the Trust will notify the owners of the beneficial interests of Shares in a prospectus supplement or in its periodic Exchange Act reports,
as applicable, and on the Sponsor’s website.

The intra-day levels and
closing levels of the Pricing Benchmark are published by the Benchmark Provider, and the closing NAV is published by the Administrator.

The Shares are not issued,
sponsored, endorsed, sold or promoted by the Exchange, and the Exchange makes no representation regarding the advisability of investing
in the Shares.

The Benchmark Provider
makes no warranty, express or implied, as to the results to be obtained by any person or entity from the use of the Pricing Benchmark
for any purpose. Pricing Benchmark information and any other data calculated and/or disseminated, in whole or part, by the Benchmark
Provider is for informational purposes only, not intended for trading purposes, and provided on an “as is” basis. The Benchmark
Provider does not warrant that the Pricing Benchmark information will be uninterrupted or error-free, or that defects will be