Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 183

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 183
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 Seed Creation Investor
will act as a statutory underwriter in connection with this purchase. The total proceeds to the Trust from the sale of the Initial Seed
Creation Baskets are expected to be $[●] and are expected to be used by the Trust to purchase XRP at or prior to the listing of
Shares on the Exchange. The Sponsor will transact with an XRP Counterparty to acquire XRP on behalf of the Trust in exchange for cash
provided by the Initial Seed Creation Investor in its capacity as Initial Seed Creation Investor. Any XRP acquired in connection with
the Initial Seed Creation Baskets will be held by the XRP Custodian. The price of the Shares comprising the Initial Seed Creation Baskets
will be determined as of the effective date of the registration statement that this Prospectus forms a part as described in this Prospectus,
and such Shares could be sold at different prices if sold by the Initial Seed Creation Investor at different times. It is anticipated
that the Initial Seed Creation Investor may redeem its Shares or sell its Shares to a third party in the weeks following the initial
listing of Shares on the Exchange.

The Initial Seed Creation
Investor may sell some or all of the Shares pursuant to the registration statement that this Prospectus forms a part (in such capacity,
the “Selling Shareholder”), which Shares will have been registered to permit the resale from time to time after purchase.
The Shares offered by the Selling Shareholder were acquired by the Selling Shareholder as described in the registration statement and
could be sold at different times and at different offering prices. The Trust will not receive any of the proceeds from the resale or
redemption by the Selling Shareholder of these Shares. The Sponsor will not receive from the Trust or any of its affiliates any fee or
other compensation in connection with the resale of these Shares.

A Selling Shareholder
may sell Shares owned by the Selling Shareholder directly or through broker-dealers, in accordance with applicable law, on any national
securities exchange on which the Shares may be listed or quoted at the time of sale, through trading systems, in the OTC market or in
transactions other than on these exchanges or systems at fixed prices, at prevailing market prices at the time of the sale, at varying
prices determined at the time of sale, or at negotiated prices. These sales may be effected through brokerage transactions, privately
negotiated trades, block sales, entry into options or other derivatives transactions or through any other means authorized by applicable
law. A Selling