Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 229

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 229
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 The Public Company Accounting
Oversight Board.

“Plan Assets Regulation”: Regulation
29 C.F.R. § 2510.3-101, as modified by Section 3(42) of ERISA.

“Plans”: The Employee Retirement
Income Security Act of 1974 and/or Section 4975 of the Code.

“Policies”: The Sponsor’s
policies and procedures that have been implemented and are reasonably designed to ensure compliance with applicable law, including a
Code of Ethics providing guidance on conflicts of interest.

“Post-Trade Financing Agreement”:
An agreement with Coinbase Credit, Inc. pursuant to which the Trust may borrow or cash as trade credit the Lender on a short-term basis
to avoid having to pre-fund the Trust’s Trading Balance.

“Pricing Benchmark”: The performance
of the CME CF XRP—Dollar Reference Rate — New York Variant (XRPUSD_NY), as adjusted for the Trust’s expenses and other
liabilities.

“Prime Broker”: Coinbase, Inc.

“Principal Market NAV”: Net asset
value of the Trust determined on a GAAP basis.

“Principal Market NAV per Share”:
Net asset value of the Trust per Share determined on a GAAP basis.

“Redemption Order Date”: The date
a redemption order is received in satisfactory form by the Marketing Agent.

“Register”: The record of all Shareholders
and holders of the Shares in certificated form kept by the Administrator.

“Relevant Coinbase Entities”:
The Prime Broker and its parent, Coinbase Global, Inc. together with Coinbase Inc.

“Relevant Pair”: A market that
facilitates the spot trading of the relevant digital asset against the corresponding digital asset or legal tender pair, including markets
where the digital asset or legal tender pair is made fungible with Accepted Assets.

“Relevant Transaction”: Any digital
asset versus digital asset or legal tender spot trade that occurs during the TWAP Period on a Constituent Exchange in the Relevant Pair
that is reported through its API to the Benchmark Provider.

“Ripple Labs”: Ripple Labs Inc., a
corporation incorporated and existing under the laws of Delaware.

“S.D.N.Y.”: The United States District Court for the
Southern District of New York.

“SEC”: The U.S. Securities and
Exchange Commission.

“Selling Shareholder”: The Initial
Seed Creation Investor in its capacity as a seller of some or all of the Shares pursuant to the registration statement that this Prospectus
forms a part