Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 267

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 267
---
 is against public policy as expressed 
 in the Act and is, therefore, unenforceable. In the event that a claim for indemnification        
 against such liabilities (other than the payment by the registrant of expenses incurred or        
 paid by a director, officer or controlling person of the registrant in the successful defense     
 of any action, suit or proceeding) is asserted by such director, officer or controlling person    
 in connection with the securities being registered, the registrant will, unless in the opinion    
 of its counsel the matter has been settled by controlling precedent, submit to a court of         
 appropriate jurisdiction the question whether such indemnification by it is against public        
 policy as expressed in the Act and will be governed by the final adjudication of such issue.      |

<div align='center'>II-4

SIGNATURES</div>

Pursuant
to the requirements of the Securities Act of 1933, the registrant has duly caused
this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of New York, and the State of New York, on December 8, 2025.

| 21SHARES                     
 XRP ETF                      |                 |
| 21Shares US                  
 LLC, as Sponsor of the Trust |                 |
| By:                          | /s/ Duncan Moir |
| Name:                        | Duncan Moir     |
| Title:                       | President*      |

Pursuant to the requirements
of the Securities Act of 1933, this registration statement has been signedby the following persons in the capacities*
and on the dates indicated.

| Signature      
 /s/ Russell    
 Barlow         |     | Title                                            
 Chief Executive Officer*                         |     | Date             
 December 8, 2025 |
|:---------------|:----|:-------------------------------------------------|:----|:-----------------|
| Russell Barlow |     | -Principal Executive                             
 Officer                                          |     |                  |
| /s/ Duncan     
 Moir           |     | President*                                       |     | December 8, 2025 |
| Duncan         
 Moir           |     | -Principal                                       
 Finance Officer and Principal Accounting Officer |     |                  |

| * | The registrant is a trust and the persons are                                              
 signing in their capacities as officers of 21Shares US LLC, the Sponsor of the registrant. |

<div align='center'>II-5</div>