Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 29

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 29
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 rights. In          
 certain circumstances, Shareholders may vote to appoint a successor Sponsor following the         
 Voluntary Withdrawal of the Sponsor, or to continue the Trust in certain instances of dissolution 
 of the Trust. Shareholders shall otherwise have no voting rights with respect to the Trust.       |

| ● | The liability                                                                            
 of the Sponsor and the Trustee is limited, and the value of the Shares will be adversely 
 affected if the Trust is required to indemnify the Trustee or the Sponsor.               |

| ● | Due to                                                                                          
 the increased use of technologies, intentional and unintentional cyber-attacks pose operational 
 and information security risks, the occurrence of which can negatively impact an investment     
 in the Trust.                                                                                   |

<div align='center'>12

RISK FACTORS</div>

You should consider carefully the risks described below before making an investment decision. You should also refer to the other information included in this Prospectus, as well as information found in documents incorporated by reference in this Prospectus, before you decide to purchase any Shares. These risk factors may be amended, supplemented or superseded from time to time by risk factors contained in any periodic report, prospectus supplement, post-effective amendment or in other reports filed with the SEC in the future. See “Glossary of Defined Terms” for an explanation of certain industry and technical terms used in this Prospectus.

Risks Associated with XRP and the XRP Ledger

The value of the Shares relates directly to the price of XRP, which may be highly volatile and subject to fluctuations due to a number of factors.

The value of the Shares relates
directly to the value of the XRP held by the Trust and fluctuations in the price of XRP could adversely affect the value of the Shares.
The market price of XRP may be highly volatile, and subject to a number of factors, including:

| ● | an increase                                               
 in the XRP supply that is publicly available for trading; |

| ● | manipulative                                                                                       
 trading activity on digital asset trading platforms, which, in many cases, are largely unregulated 
 or may not be complying with existing regulations;                                                 |

| ● | the adoption                                                                                  
 of XRP as a medium of exchange, store-of-value or other consumptive asset and the maintenance 
 and development of the open-source software protocol of the XRP Ledger;                       |

| ● | forks in        
 the XRP Ledger; |

| ● | falling demand for XRP, or demand that                
 does not keep pace with the