Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 243

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 243
---
   |
| Net change in unrealized appreciation (depreciation) on investment in XRP   |     |                 |  71,849,122 |   |     |                     | (11,166,000 | ) |
| Net change in unrealized appreciation (depreciation) on sponsor fee payable |     |                 |     (34,843 | ) |     |                     |       5,386 |   |
| Net assets, end of period                                                   |     |               $ | 277,470,750 |   |     |                   $ | 209,352,190 |   |
| Shares issued and redeemed                                                  |     |                 |             |   |     |                     |             |   |
| Shares issued                                                               |     |                 |           - |   |     |                     |  10,000,000 |   |
| Shares redeemed                                                             |     |                 |           - |   |     |                     |           - |   |
| Net increase/(decrease) in Shares issued and outstanding                    |     |                 |           - |   |     |                     |  10,000,000 |   |

<div align='center'>The accompanying notes
are an integral part of the financial statements.

F-6</div>

21Shares XRP ETF

SCHEDULEs OF
INVESTMENT

(Expressed in United States Dollars)

| August 31, 2025                       |     |   Quantity |     | Cost |             |     | Fair Value |             |   |     | Assets | % of Net |    |
|:--------------------------------------|:----|-----------:|:----|:-----|------------:|:----|:-----------|------------:|:--|:----|:-------|---------:|:---|
| Investment in XRP                     |     | 98,470,000 |     | $    | 217,299,657 |     | $          | 277,982,779 |   |     |        |    100.2 | %  |
| Total investment in XRP               |     |            |     | $    | 217,299,657 |     | $          | 277,982,779 |   |     |        |    100.2 | %  |
| Liabilities in excess of other assets |     |            |     |      |             |     | $          |    (512,029 | ) |     |        |     (