Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 161

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 161
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 Exchange and are not approved for listing on another national securities exchange within five Business Days 
 of their delisting;                                                                                                               |

| ● | 180 days                                                                                 
 have elapsed since the Trustee notified the Sponsor of the Trustee’s election to resign  
 or since the Sponsor removed the Trustee, and a successor trustee has not been appointed 
 and accepted its appointment;                                                            |

| ● | the SEC                                                                                    
 determines that the Trust is an investment company under the 1940 Act, and the Sponsor has 
 made the determination that termination of the Trust is advisable;                         |

| ● | the CFTC                                                                                                                              
 determines that the Trust is a commodity pool under the CEA, and the Sponsor has made the determination that termination of the Trust 
 is advisable;                                                                                                                         |

| ● | the Trust                                                                                       
 is determined to be a “money service business” under the regulations promulgated                
 by FinCEN under the authority of the US Bank Secrecy Act and is required to comply with certain 
 FinCEN regulations thereunder or is determined to be a “money transmitter” (or                  
 equivalent designation) under the laws of any state in which the Trust operates and is required 
 to seek licensing or otherwise comply with state licensing requirements, and the Sponsor        
 has made the determination that termination of the Trust is advisable;                          |

| ● | a United States                                                                     
 regulator requires the Trust to shut down or forces the Trust to liquidate its XRP; |

| ● | any ongoing                                                                                     
 event exists that either prevents the Trust from making or makes impractical the Trust’s        
 reasonable efforts to make a fair determination of the price of XRP for purposes of determining 
 the NAV of the Trust;                                                                           |

| ● | the Sponsor                                                                                 
 determines that the aggregate net assets of the Trust in relation to the operating expenses 
 of the Trust make it unreasonable or imprudent to continue the business of the Trust;       |

| ● | the Trust                                                                                      
 fails to qualify for treatment, or ceases to be treated, as a “grantor trust”                  
 under the Code or any comparable provision of the laws of any State or other jurisdiction      
 where that treatment is sought, and the Sponsor determines that, because of that tax treatment 
 or change in tax treatment, termination of the Trust is advisable;                             |

| ● | 60 days                                                                                                                    
 have elapsed since the Depository Trust Company (“DTC”) or another depository has ceased to act as depository with respect 
 to the Shares, and the Sponsor has not