Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 230

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 230
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 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, thereunto duly authorized in the City of New York, and the State of New York, on August 22, 2025.

| 21SHARES                     
 XRP