Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 186

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 186
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 be sold at different
prices if sold by the Initial Seed Creation Investor at different times. It is anticipated that the Initial Seed Creation Investor may
redeem its Shares or sell its Shares to a third party in the weeks following the initial listing of Shares on the Exchange. The Initial
Seed Creation Investor may sell some or all of its Shares pursuant to the registration statement of which this Prospectus forms a part
(in such capacity, the “Selling Shareholder”), which Shares will have been registered to permit the resale from time to time
after purchase. The Trust will not receive any of the proceeds from the resale or redemption by the Selling Shareholder of these Shares.
The Sponsor will not receive from the Trust or any of its affiliates any fee or other compensation in connection with the resale of these
Shares.

<div align='center'>PLAN OF DISTRIBUTION</div>

Buying and Selling Shares

Most investors buy and sell
Shares of the Trust in secondary market transactions through brokers. Shares are expected to trade on the Exchange under the ticker symbol
“TOXR”. Shares are expected to be bought and sold throughout the trading day like other publicly traded securities.
When buying or selling Shares through a broker, most investors will incur customary brokerage commissions and charges. Shareholders are
encouraged to review the terms of their brokerage account for details on applicable charges.

Authorized Participants

The offering of the Trust’s
Shares is a best-efforts offering. The Trust continuously offers Baskets consisting of 10,000 Shares to Authorized Participants.
Authorized Participants pay a transaction fee for each order they place to create or redeem one or more Baskets.

The offering of Baskets is
being made in compliance with Rule 2310 of the FINRA Rules. Accordingly, Authorized Participants will not make any sales to any
account over which they have discretionary authority without the prior written approval of a purchaser of Shares.

The per share price of Shares
offered in Baskets on any subsequent day will be the total NAV of the Trust calculated shortly after the close of the Exchange on
that day divided by the number of issued and outstanding Shares of the Trust. An Authorized Participant is not required to sell
any specific number or dollar amount of Shares.

By
executing an Authorized Participant Agreement, an Authorized Participant becomes part of
the group of parties eligible to purchase Baskets from, and put Baskets for redemption to,
the Trust. The Authorized Participant Agreement may provide for in-kind Basket creations
and redemptions. An Authorized Participant is under no obligation to create or redeem