Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 225

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 225
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. In addition, the Anchorage Custodian is not liable for any losses which arise as a result of the non-return of digital assets
that the Trust has delegated to the Anchorage Custodian or a third party for on-chain services, such as staking, voting, vesting, and
signaling, unless such losses occur as a result of the Anchorage Custodian’s fraud or intentional misconduct.

The XRP Custodians may terminate the Custodial Services Agreements for any reason upon providing the applicable notice to the Trust, or immediately for Cause (as defined in the Custodial Services Agreements), including, among others, if the Trust materially breaches the Prime Broker Agreement and such breach remains uncured for a specified period of time, or the Trust undergoes a bankruptcy event.

The Sponsor may, in its sole discretion, add or terminate custodians at any time. The Sponsor may, in its sole discretion, change the custodians for the Trust’s XRP holdings, but it will have no obligation whatsoever to do so or to seek any terms for the Trust from other such custodians.

Marketing Agent Agreement

Pursuant to the Marketing
Agent Agreement, the Marketing Agent is generally responsible for the day-to-day administration of the Trust. The responsibilities
of the Marketing Agent include (i) at the request of the Trust, assisting the Trust with facilitating Authorized Participant Agreements
between and among Authorized Participants, the Trust, and the applicable Transfer Agent, for the creation and redemption of Creation
Baskets of the Trust; (ii) maintaining copies of confirmations of Creation Basket creation and redemption order acceptances
and producing such copies upon reasonable request from the Trust or Sponsor; (iii) making available copies of the Prospectus to
Authorized Participants who have purchased Creation Baskets in accordance with the Authorized Participant Agreements; (iv) maintaining
telephonic, facsimile and/or access to direct computer communications links with the Transfer Agent; (v) reviewing and approving,
prior to use, certain Trust marketing materials submitted by the Trust for review (“Marketing Materials”) for compliance
with applicable SEC and FINRA advertising rules, and filing all such Marketing Materials required to be filed with FINRA; (vi) ensuring
that all direct requests by Authorized Participants for Prospectuses are fulfilled; and (vii) working with the Transfer Agent to
review and approve orders placed by Authorized Participants and transmitted to the Transfer Agent.

The Trust shall indemnify, defend and hold the Marketing Agent, its affiliates and each of their