Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 149

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 149
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.85 | % |     |            |   N/A |   |     |        | 15.91 | % |
| 2025 Q2 |     |        | 11.95 | % |     |          | 53.04 | % |     |          | 5.68 | % |     |              | 14.54 | % |     |            | 12.37 | % |     |        |  2.41 | % |
| 2025 Q3 |     |        | 18.19 | % |     |          | 55.60 | % |     |          | 9.49 | % |     |              |  3.95 | % |     |            |  7.58 | % |     |        |  5.20 | % |

Kraken is a U.S.-based
exchange with headquarters in San Francisco, California, and is registered as a money services business with FinCEN and holds licenses
to engage in money transmission, or the state equivalent, in majority of U.S. states. Coinbase operates as a remote-first company and
has no physical headquarters, and is registered as a money services business with FinCEN, and holds licenses to engage in money transmission,
or the state equivalent, in the majority of U.S. states. LMAX Digital is a Gibraltar based exchange regulated by the GFSC as a DLT provider
for execution and custody services. LMAX Digital does not hold a BitLicense and is part of LMAX Group, a U.K.-based operator of a FCA
regulated Multilateral Trading Facility and Broker-Dealer. Bitstamp is a U.K.-based exchange registered as an MSB with FinCEN and licensed
as a virtual currency business under the NYDFS BitLicense as well as money transmitter in various U.S. states. Crypto.com is a Singapore-based
trading platform with a Digital Token License from the Monetary Authority of Singapore. Crypto.com is also registered as a Money Services
Business with FinCEN.

While each of the Constituent
Exchanges is subject to a range of federal and state laws regarding various aspects of their functioning, neither of the Constituent
Exchanges is currently registered with the SEC as a national securities exchange, broker-dealer or clearing agency. Further information
regarding the domicile, regulation and legal compliance of the Constituent Exchanges may be found, where available, on the websites for
such Constituent Exchanges