Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 205

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 205
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 counsel or accountants
or as required from time to time by any applicable statute, rule or regulation.

<div align='center'>FISCAL YEAR</div>

The fiscal year of the Trust
is the calendar year. The Sponsor may select an alternate fiscal year.

<div align='center'>101

GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION</div>

The rights of the Sponsor,
the Trust, DTC (as registered owner of the Trust’s global certificate for Shares) and the Shareholders are governed by the laws
of the State of Delaware. The Sponsor, the Trust and DTC and, by accepting Shares, each DTC Participant and each Shareholder, consent
to the exclusive jurisdiction of the courts of the State of Delaware and any federal courts located in Delaware. Such consent is not required
for any person to assert a claim of Delaware jurisdiction over the Sponsor, the Trust.

However, pursuant to the
Trust Agreement, this shall not apply to causes of actions for violations of U.S. federal or state securities laws. Section 22 of
the 1933 Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created
by the 1933 Act or the rules and regulations thereunder. Investors cannot waive compliance with the federal securities laws and the rules
and regulations thereunder.

<div align='center'>LEGAL MATTERS</div>

Dechert LLP has advised
the Sponsor in connection with the Shares being offered. Dechert LLP advises the Sponsor with respect to its responsibilities as sponsor
of, and with respect to matters relating to, the Trust. An opinion of counsel will be filed with the SEC as an exhibit to the Registration
Statement of which this Prospectus is a part.

<div align='center'>EXPERTS</div>

The financial statements
of the Trust will be included herein in reliance on the report of [ ], an independent registered public accounting firm, given on the
authority of said firm as experts in auditing and accounting.

<div align='center'>102

OTHER MATERIAL CONTRACTS</div>

Cash Custody Agreement

[To be provided by amendment.]

Fund Administration and Accounting Agreement

[To be provided by amendment.]

Transfer Agency and Services Agreement

[To be provided by amendment.]

Custodial Services Agreement

[To be provided by amendment.]

Marketing Agent Agreement

[To be provided by amendment.]

<div align='center'>103

UNITED STATES FEDERAL INCOME TAX CONSEQUENCES</div>