Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 236

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 236
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 and controlling persons of the registrant pursuant to the                     
 foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such           
 indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification 
 against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling            
 person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling       
 person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been         
 settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against       
 public policy as expressed in the Act and will be governed by the final adjudication of such issue.                                              |

<div align='center'>II-4

SIGNATURES</div>

Pursuant to the requirements
of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized in the City of New York, and the State of New York, on October 10, 2025.

| 21SHARES                     
 XRP ETF                      |                 |
| 21Shares US                  
 LLC, as Sponsor of the Trust |                 |
| By:                          | /s/ Duncan Moir |
| Name:                        | Duncan Moir     |
| Title:                       | President*      |

Pursuant to the requirements
of the Securities Act of 1933, this registration statement has been signedby the following persons in the capacities*
and on the dates indicated.

| Signature      
 /s/ Russell    
 Barlow         |     | Title                                            
 Chief Executive Officer*                         |     | Date             
 October 10, 2025 |
|:---------------|:----|:-------------------------------------------------|:----|:-----------------|
| Russell Barlow |     | -Principal Executive                             
 Officer                                          |     |                  |
| /s/ Duncan     
 Moir           |     | President*                                       |     | October 10, 2025 |
| Duncan         
 Moir           |     | -Principal                                       
 Finance Officer and Principal Accounting Officer |     |                  |

| * | The registrant is a trust and the persons are signing in                        
 their capacities as officers of 21Shares US LLC, the