Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 203

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 203
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 appoint a successor Sponsor
following the Voluntary Withdrawal of the Sponsor, or to continue the Trust in certain instances of dissolution of the Trust. Shareholders
shall otherwise have no voting rights with respect to the Trust.

The Sponsor will generally
have the right to amend the Trust Agreement as it applies to the Trust provided that the Shareholders have the right to vote only if expressly
required under Delaware or federal law or rules or regulations of the Exchange, or if submitted to the Shareholders by the Sponsor in
its sole discretion.

The Trust does not have any
directors, officers or employees. The creation and operation of the Trust has been arranged by the Sponsor. The following persons, in
their capacities as executive officers of the Sponsor, a Delaware limited liability company, perform certain functions with respect to
the Trust that, if the Trust had directors or executive officers, would typically be performed by them.

Russell Barlow is CEO
of the Sponsor, Duncan Moir is President of the Sponsor, Edel Bashir is Chief Operating Officer of the Sponsor and Andres Valencia is
the Sponsor’s Executive Vice President of Investment Management.

Mr. Russell Barlow,
51, has been the Chief Executive Officer of the Sponsor since March 1, 2025, contributing more than 25 years of expertise in regulated
asset management. Previously, Russell was the Global Head of Multi Asset and Alternative Investment Solutions and Global Head of Alternative
Investment Solutions at abrdn plc, a global investment company (“abrdn”). Over the course of his career, he has designed,
launched and managed a wide range of investment products. Additionally, Russell has held a position as a Non-Executive Director at Archax,
the UK’s first FCA-regulated digital asset exchange.

Mr. Duncan Moir,
39, has been the President of the Sponsor since March 1, 2025, with deep expertise in digital asset and blockchain strategy. Previously,
Duncan was a Senior Investment Manager at abrdn. He is an independent board member of Hedera Hashgraph LLC and an advisor to Web3 companies.
A University of Strathclyde graduate with a BA (Hons) in Economics, he is also a CFA and CAIA charterholder.

Ms. Edel Bashir,
45, has been the Chief Operating Officer of the Sponsor since March 1, 2025, with over 20 years of experience in asset management. Previously,
Edel was the COO of Multi Asset and Alternative Investment Solutions, COO