Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 211

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 211
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 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;           |

| ● | 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.                                                                    |

| ● | In general,                                                                                 
 to do everything necessary, suitable or proper for the accomplishment of any purpose or the 
 attainment of any objective or the furtherance of any power herein set forth, either alone  
 or in association with others, and to do every other act or thing incidental or appurtenant 
 to, or growing out of or connected with, the aforesaid purposes, objects or powers; and     |

| ● | In addition,                                                                                    
 and without limiting the foregoing, the Sponsor will have full power and authority, in its      
 sole discretion, without seeking the approval of the Trustee or the Shareholders (a) to         
 establish and designate and to change in any manner and to fix such preferences, voting powers, 
 rights, duties and privileges of the Trust as the Sponsor may from time to time determine,      
 (b) to divide the beneficial interest in the Trust