Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 235

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 235
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 to Rule 430C, each prospectus                                                                                     
 filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements                  
 relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included                     
 in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration 
 statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference      
 into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract       
 of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was          
 part of the registration statement or made in any such document immediately prior to such date of first use.                                   |

<div align='center'>II-3</div>

| (5) | That, for the purpose of determining liability of the registrant                                 
 under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: |

The undersigned registrant undertakes
that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting
method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to
such purchaser:

| (i) | any preliminary prospectus or prospectus of the undersigned                    
 registrant relating to the offering required to be filed pursuant to Rule 424; |

| (ii) | any free writing prospectus relating to the offering prepared                                       
 by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; |

| (iii) | the portion of any other free writing prospectus relating                                                                                      
 to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned 
 registrant; and                                                                                                                                |

| (iv) | any other communication that is an offer in the offering 
 made by the undersigned registrant to the purchaser.     |

| (6) | Insofar as indemnification for liabilities arising under                                                                                         
 the Securities Act of 1933 may be permitted to directors, officers