Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 257

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 257
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”: Accounting Standards Codification.

“ASC 820-10”: Accounting Standards
Codification 820-10, Fair Value Measurements and Disclosures.

“Authorized Amount”: An amount to
be determined, on a daily basis, based on the Lender’s sole discretion considering factors including, but not limited to, availability
of financing and credit due diligence of the Trust.

“Authorized Participant”: One that
purchases or redeems Baskets from or to the Trust.

“Available Balance”: The then-current amount available
to the Trust to place orders.

“Basket”: A block of 10,000 Shares
used by the Trust to issue or redeem Shares.

<div align='center'>A-1</div>

“Basket Deposit”: The total deposit
required to create each Basket.

“Benchmark Provider”: CF Benchmarks Ltd.

“BitGo Custodian”: BitGo Trust
Company, Inc.

“BitGo Custodial Services Agreement”:
The custodial services agreement with the BitGo Custodian.

“BMR”: UK Benchmarks Regulation.

“BSA”: U.S. Bank Secrecy Act.

“Binance Complaint”: A June 2023
complaint brought by the SEC against Binance alleging violations of variety of securities laws.

“Business Day”: Any day other
than a day when the Exchange is closed for regular trading.

“Cash Custodian”: The Bank of
New York Mellon.

“Cash Custody Agreement”: An agreement
entered into with the Trust and the Cash Custodian stating that the Cash Custodian will establish and maintain cash account(s) for the
trust, and, upon instructions from the Sponsor acting on behalf of the Trust, facilitate cash transfers and cash payments from the Trust’s
account(s).

“CBDCs”: Central Bank Digital Currencies.

“CDS”: Cross-Domain Security.

“CEA”: Commodity Exchange Act of 1936,
as amended.

“CF Member”: A member of the CME CF Oversight Committee
who is a representative of the Benchmark Provider.

“CFTC”: Commodity Futures Trading
Commission, an independent agency with the mandate to regulate commodity futures and options in the United States.

“CFPB”: The Consumer Financial
Protection Bureau.

“CME”: Chicago Mercantile Exchange.

“CME CF Oversight Committee”: The governing oversight body of the Pricing Benchmark.

“CME Members”: Members of the CME
CF Oversight Committee who are representatives of CME.

“Code”: Internal Revenue Code of
1986, as amended.