Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 222

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 222
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as the majority in interest of the beneficial owners of the Trust may propose and approve that shall take full charge of the property
of the Trust.

“Marketing Agent”: [●].

“Marketing Fee”: The fee payable
to the Marketing Agent for services it provides to the Trust.

“McHenry Bill”: The Clarity for
Payment Stablecoins Act of 2023, as introduced by House Finance Committee Chair Patrick McHenry which would make it unlawful
for any entity other than a permitted payment stablecoin issuer to issue a payment stablecoin.

“MPC”: Multi-Party Computation.

“Mutually Capped Liabilities”: The XRP Custodian’s
gross negligence, violation of its confidentiality, data protection and/or information security obligations, or violation of any law,
rule or regulation with respect to the provision of its services.

“NAV”: Net asset value of the Trust.

“NAV per share”: NAV per Share
outstanding.

“NBMMs”: Non-bank market makers.

“NYDFS”: The New York State
Department of Financial Services.

“OFAC”: The Office of Foreign
Assets Control of the U.S. Department of the Treasury.

“PB Mutually Capped Liabilities”:
The amount of the Prime Broker’s aggregate liability in respect of the Prime Broker’s obligations to indemnify the Trust
and its affiliates against third-party claims and losses to the extent arising out of or relating to, among others, the Prime Broker’s
gross negligence, violation of its confidentiality, data protection and/or information security obligations, violation of any law, rule
or regulation with respect to the provision of its services, or the full amount of the Trust’s assets lost due to the insolvency
of or security event at a Connected Trading Venue.

<div align='center'>A-4</div>

“PCAOB”: 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 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