Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 166

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 166
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 that
filed a registration statement on Form S-1 with the SEC on August 28, 2025; (vi) 21Shares Injective ETF, a Delaware statutory trust that
filed a registration statement on Form S-1 with the SEC on October 20, 2025; and (vii) 21Shares Hyperliquid ETF, a Delaware statutory
trust that filed a registration statement on Form S-1 with the SEC on October 29, 2025. If any of these products are subsequently declared
effective by the SEC, they each expect to become exchange-traded products registered under the 1933 Act that will provide exposure to
spot digital assets and will trade on an exchange. Additionally, since November 2025, the Sponsor serves as sub-adviser to two investment
companies registered under the 1940 Act.

The principal office of the
Sponsor is:

21Shares US LLC
477 Madison Avenue, 6 Floor
New York, New York 10022

The Trustee

CSC Delaware Trust Company,
a Delaware trust company, acts as the trustee of the Trust for the purpose of creating a Delaware statutory trust in accordance with
the DSTA. The Trustee is appointed to serve as the trustee of the Trust in the State of Delaware for the sole purpose of satisfying
the requirement of Section 3807(a) of the DSTA that the Trust have at least one trustee with a principal place of business
in the State of Delaware.

General duty of care of Trustee.

The Trustee is a fiduciary
under the Trust Agreement; provided, however, that the fiduciary duties and responsibilities and liabilities of the Trustee are limited
by, and are only those specifically set forth in, the Trust Agreement.

Resignation, discharge or removal of Trustee; successor Trustees.

The Trustee may resign at
any time by giving at least 30 days advance written notice to the Sponsor. The Sponsor may remove the Trustee at any time by giving
at least 30 days advance written notice to the Trustee. Upon effective resignation or removal, the Trustee will be discharged of
its duties and obligations.

If the Trustee resigns or
is removed, the Sponsor, acting on behalf of the Shareholders, is required to use reasonable efforts to appoint a successor trustee.
Any successor Trustee must satisfy the requirements of Section 3807 of the DSTA. Any resignation or removal of the Trustee
and appointment of a successor