Item 2. Unregistered Sales of Equity Securities
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
Market
Information
21Shares XRP ETF Shares are
listed on the Cboe BZX Exchange under the symbol “TOXR” and have been listed since December 11, 2025.
Holders
As of January 26, 2026, the Trust had 1 holder of record, Cede &
Co. as nominee of The Depository Trust Company.
Sales
of Unregistered Securities and Use of Proceeds of Registered Securities
On December 10, 2025, the
Sponsor, in its capacity as Seed Capital Investor, purchased the Seed Creation Baskets comprising 20,000 Shares. The total proceeds to
the Trust from the sale of the Seed Creation Baskets were $406,600.
Proceeds received by the Trust
from the issuance of Baskets consist of XRP. Such deposits are held by the Custodians on behalf of the Trust until (i) delivered out in
connection with redemptions of Baskets; or (ii) transferred or sold by the Sponsor, which may be facilitated by the Custodians, to pay
fees due to the Sponsor and Trust expenses and liabilities not assumed by the Sponsor.
Item
3. Defaults Upon Senior Securities
None.
Item
4. Mine Safety Disclosures
Not
applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.