Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 267

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 267
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 offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting
method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities
to such purchaser:

| (i) | any preliminary                                                                          
 prospectus or prospectus of the undersigned registrant relating to the offering required 
 to be filed pursuant to Rule 424;                                                        |

| (ii) | any free writing                                                                           
 prospectus relating to the offering prepared by or on behalf of the undersigned registrant 
 or used or referred to by the undersigned registrant;                                      |

| (iii) | the portion                                                                                    
 of any other free writing prospectus relating to the offering containing material information  
 about the undersigned registrant or its securities provided by or on behalf of the undersigned 
 registrant; and                                                                                |

| (iv) | any other                                                                                
 communication that is an offer in the offering made by the undersigned registrant to the 
 purchaser.                                                                               |

| (6) | Insofar as                                                                                        
 indemnification for liabilities arising under the Securities Act of 1933 may be                   
 permitted to directors, officers and controlling persons of the registrant pursuant to the        
 foregoing provisions, or otherwise, the registrant has been advised that in the opinion of        
 the Securities and Exchange Commission such indemnification 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,