Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 262

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 262
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 to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as
underwriters and with respect to their unsold allotments or subscriptions.

<div align='center'>PART II
INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 13. Other Expenses of Issuance and Distribution.

The Trust shall not bear any
expenses incurred in connection with the issuance and distribution of the securities being registered. These expenses shall be paid by
21Shares US LLC, the sponsor of the Trust. Set forth below is an estimate (except as indicated) of these fees and expenses.

| SEC registration fee        |     | $ |    N/A† |
| Listing fee (actual)        |     | $ |  12,000 |
| Auditor’s fees and expenses |     | $ |  15,000 |
| Legal fees and expenses     |     | $ | 300,000 |
| Printing expenses           |     | $ |  21,000 |
| Miscellaneous expenses      |     | $ |  13,000 |
| Total                       |     | $ | 361,000 |

| † | The Registrant notes that an indeterminate amount of securities are                                                           
 being registered to be offered or sold and that the filing fee will be calculated and paid in accordance with Rule 456(d) and 
 Rule 457(u).                                                                                                                  |

Item 14. Indemnification of Directors and Officers.

The Trust Agreement provides
that the Sponsor and its shareholders, members, directors, officers, employees, Affiliates and subsidiaries (each a “Sponsor Indemnified
Party”) shall be indemnified by the Trust and held harmless against any loss, liability or expense incurred under the Trust Agreement
without gross negligence, bad faith, or willful misconduct on the part of such Sponsor Indemnified Party arising out of or in connection
with the performance of its obligations hereunder or any actions taken in accordance with the provisions of the Trust Agreement. Any
amounts payable to a Sponsor Indemnified Party under the Trust Agreement may be payable in advance or will be secured by a lien on the
Trust. The Sponsor will not be under any obligation to appear in, prosecute or defend any legal action that in its opinion may involve
it in any expense or liability; provided, however, that the Sponsor may, in its discretion, undertake any action that it may deem necessary
or desirable in respect of the Trust Agreement and