Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 219

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 219
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 for Digital Assets

The Trustee will file certain
information returns with the IRS, and provide certain tax-related information to Shareholders, in connection with the Trust. To the extent
required by applicable regulations, each Shareholder will be provided with information regarding its allocable portion of the Trust’s
annual income, expenses, gains and losses (if any). A U.S. Shareholder may be subject to United States backup withholding tax
in certain circumstances unless it provides its taxpayer identification number and complies with certain certification procedures. Non-U.S. Shareholders
may have to comply with certification procedures to establish that they are not a United States person, and some Non-U.S. Shareholders
may be required to meet certain information reporting or certification requirements imposed by Code requirements popularly referred to
as “FATCA” in order to avoid certain information reporting and withholding tax requirements.

The amount of any backup withholding
will be allowed as a credit against a Shareholder’s U.S. federal income tax liability and may entitle the Shareholder to a
refund, provided that the required information is furnished to the IRS in a timely manner.

Individual U.S. Shareholders
will be required to report on their federal income tax return the receipt, acquisition, sale, or exchange of any financial interest in
virtual currency, which includes a Shareholder’s interest in XRP held by the Trust.

Taxation for Shareholders in Jurisdictions Other Than the United States

Prospective purchasers of Shares
that are based in or acting out of a jurisdiction other than the United States are advised to consult their own tax advisers as to
the tax consequences under the laws of such jurisdiction (or any other jurisdiction other than the United States in which they are
subject to taxation) of their purchase, holding, sale and redemption of or any other dealing in Shares and, in particular, as to whether
any value added tax, other consumption tax or transfer tax is payable in relation to such purchase, holding, sale, redemption or other
dealing.

The foregoing is only a general
summary of the material U.S. federal income tax consequences associated with the purchase, ownership and disposition of Shares by
a U.S. Shareholder. Each prospective Shareholder should consult the Shareholder’s own tax advisor concerning the U.S. federal,
state, local, and non-U.S. tax considerations relevant to an investment in Shares in the Shareholder’s particular tax situation.

<div align='center'>PROSPECTIVE SHAREHOLDERS ARE URGED TO