Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 7

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 7
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 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |  F-3 |
| APPENDIX                                         
 A                                                |  A-1 |
| PART II                                          
 INFORMATION NOT REQUIRED IN PROSPECTUS           | II-1 |

This Prospectus contains information
you should consider when making an investment decision about the Shares of the Trust. You may rely on the information contained in this
Prospectus. The Trust and the Sponsor have not authorized any person to provide you with different information and, if anyone provides
you with different or inconsistent information, you should not rely on it. This Prospectus is not an offer to sell the Shares in any
jurisdiction where the offer or sale of the Shares is not permitted.

The Shares of the Trust are
not registered for public sale in any jurisdiction other than the United States.

Until 25 calendar days
after the date of this Prospectus, all dealers effecting transactions in the Shares, whether or not participating in this offering, may
be required to deliver a prospectus. This requirement is in addition to the dealer’s obligation to deliver a prospectus when acting
as underwriters and with respect to unsold allotments or subscriptions.

<div align='center'>i

STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</div>

This Prospectus includes “forward-looking
statements” that generally relate to future events or future performance. In some cases, you can identify forward-looking statements
by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,”
“anticipate,” “believe,” “estimate,” “predict,” “potential” or the negative
of these terms or other comparable terminology. All statements (other than statements of historical fact) included in this Prospectus
that address activities, events or developments that will or may occur in the future, including such matters as movements in the digital
asset markets and indexes that track such movements, the Trust’s operations, the Sponsor’s plans and references to the Trust’s
future success and other similar matters, are forward-looking statements. These statements are only predictions. Actual events or results
may differ materially. These statements are based upon certain assumptions and analyses the Sponsor has made based on its perception
of historical trends, current conditions and expected future developments, as well as other factors appropriate in the circumstances.

Whether or not actual results
and developments will conform to the Sponsor’s expectations and predictions, however, is subject to a number of risks and uncertainties,
including the special