Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 232

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 232
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 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        |     | $ | †     |
| Listing fee (actual)        |     | $ | [   ] |
| Auditor’s fees and expenses |     | $ | [   ] |
| Legal fees and expenses     |     | $ | [   ] |
| Printing expenses           |     | $ | [   ] |
| Miscellaneous expenses      |     | $ | [   ] |
| Total                       |     | $ | [   ] |

| † | 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).                                                                                                                      |
| * | To be provided by amendment.                                                                                                      |

Item 14. Indemnification of Directors and Officers.

The Trust Agreement will provide
that the Sponsor and its shareholders, members, directors, officers, employees, Affiliates and subsidiaries (each a “Sponsor Indemnified
Party”) will 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 the rights and duties of the parties hereto and the interests of the Shareholders and,
in such event, the legal expenses and costs of any such action will be expenses and costs of the Trust and the Sponsor will be entitled
to be reimbursed therefor by the Trust. The obligations of the Trust to indemnify the Sponsor Indemnified Parties will survive the termination
of the Trust Agreement.

Item 15. Recent