Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 266

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 266
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 made in the registration statement or prospectus    
 that was part of the registration statement or made in any such document immediately prior           
 to such effective date; or                                                                           |

<div align='center'>II-3</div>

| (ii) | If the registrant                                                                                    
 is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as                            
 part of a registration statement relating to an offering, other than registration statements         
 relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A,                      
 shall be deemed to be part of and included in the registration statement as of the date it           
 is first used after effectiveness. Provided, however, that no statement made in a registration       
 statement or prospectus that is part of the registration statement or made in a document             
 incorporated or deemed incorporated by reference into the registration statement or prospectus       
 that is part of the registration statement will, as to a purchaser with a time of contract           
 of sale prior to such first use, supersede or modify any statement that was made in the registration 
 statement or prospectus that was part of the registration statement or made in any such document     
 immediately prior to such date of first use.                                                         |

| (5) | That, for the                                                                       
 purpose of determining liability of the registrant under the Securities Act of 1933 
 to any purchaser in the initial distribution of the securities:                     |

The undersigned registrant undertakes
that in a primary 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)