Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 165

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 165
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 parent company of 21co
Holdings Limited is FalconX. At present, the respective primary business activities of 21co Holdings Limited and FalconX are, with
respect to 21co Holdings Limited, providing exchange traded products and technology services in the digital asset space through its
subsidiaries and, with respect to FalconX, providing comprehensive access to global digital asset liquidity and a full range of
trading services (including through its affiliates).

21Shares AG, an affiliate
of the Sponsor, has considerable experience issuing and operating exchange-traded products that provide exposure to digital assets, operating
such exchange-traded products since 2018. As of September 25, 2025, 21Shares AG oversees approximately $10.67 billion in assets
under management and 55 digital asset-related exchange-traded products across various jurisdictions. Although the Sponsor is a relatively
new entity within the broader structure of 21Shares AG and its affiliates (collectively, the “21Shares Group”), the Sponsor
utilizes a similar management team that the 21Shares Group has used in issuing and operating these exchange-traded products. Since January
2024, July 2024 and June 2024, the Sponsor has served as sponsor to Ark 21Shares Bitcoin ETF, 21Shares Ethereum ETF and 21Shares
Solana ETF, each an exchange-traded product registered under the 1933 Act and which provide exposure to spot bitcoin and trades, spot
Ethereum and trades and spot Solana and trades, and which trade on the Exchange under the symbols “ARKB”, “TETH”,
and “TSOL”, respectively. The Sponsor also serves as sponsor to the following entities: (i) 21Shares Polkadot ETF, a Delaware
statutory trust that filed a registration statement on Form S-1 with the SEC on January 31, 2025; (ii) 21Shares Sui ETF, a Delaware statutory
trust that filed a registration statement on Form S-1 with the SEC on May 1, 2025; (iii) 21Shares Dogecoin ETF, a Maryland statutory
trust that filed a registration statement on Form S-1 with the SEC on April 9, 2025; (iv) 21Shares Ondo Trust, a Delaware statutory trust
that filed a registration statement on Form S-1 with the SEC on July 22, 2025; (v) 21Shares Sei ETF, a Delaware statutory trust