Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 256

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 256
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 services agreement with the BitGo Custodian.

“BMR”: UK Benchmarks Regulation.

“BSA”: U.S. Bank Secrecy Act.

“Binance Complaint”: A June 2023
complaint brought by the SEC against Binance alleging violations of variety of securities laws.

“Business Day”: Any day other than
a day when the Exchange is closed for regular trading.

“Cash Custodian”: The Bank of New
York Mellon.

“Cash Custody Agreement”: An agreement
entered into with the Trust and the Cash Custodian stating that the Cash Custodian will establish and maintain cash account(s) for the
trust, and, upon instructions from the Sponsor acting on behalf of the Trust, facilitate cash transfers and cash payments from the Trust’s
account(s).

“CBDCs”: Central Bank Digital Currencies.

“CDS”: Cross-Domain Security.

“CEA”: Commodity Exchange Act of 1936,
as amended.

“CF Member”: A member of the CME CF Oversight Committee
who is a representative of the Benchmark Provider.

“CFTC”: Commodity Futures Trading
Commission, an independent agency with the mandate to regulate commodity futures and options in the United States.

“CFPB”: The Consumer Financial Protection
Bureau.

“CME”: Chicago Mercantile Exchange.

“CME CF Oversight Committee”: The governing oversight body of the Pricing Benchmark.

“CME Members”: Members of the CME
CF Oversight Committee who are representatives of CME.

“Code”: Internal Revenue Code of
1986, as amended.

“Coinbase”: Coinbase Custody Trust
Company, LLC.

“Coinbase Custodial Agreement”: The
custodial services agreement with the Coinbase Custodian.

“Coinbase Custodian”: Coinbase Custody
Trust Company, LLC.

“Coinbase Global”: Coinbase Global,
Inc.

“Coinbase Insureds”: Coinbase Global
and its subsidiaries.

<div align='center'>A-2</div>

“Cold Vault Balance”: The substantial
portion of the private keys associated with the Trust’s XRP kept by the XRP Custodians in “cold storage” or similarly
secure technology.

“Connected Trading Venue”: Third-party
exchanges or other trading venues (including the trading venue operated by the Prime Broker).

“Constituent Exchanges”: An aggregation
of executed trade flow of major XRP trading platforms.

“Creation Basket Deposit”: The total
deposit required to create each Basket.

“Custody Rule”: Rule 206(4