Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 244

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 244
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     |                     |           - |   |
| 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 | ) |     |        |     (0.2 | )% |
| Net assets                            |     |            |     |      |             |     | $          | 277,470,750 |   |     |        |    100.0 | %  |

| December 31, 2024                     |     |    Quantity |     | Cost |             |     | Fair Value |             |   |     | % of Net 
 Assets   |       |    |
|:--------------------------------------|:----|------------:|:----|:-----|------------:|:----|:-----------|------------:|:--|:----|:---------|------:|:---|
| Investment in XRP                     |     | 100,000,000 |     | $    | 220,676,000 |     | $          | 209,510,000 |   |     |          | 100.1 | %  |
| Total