Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 126

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 126
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 the Trust.

The Trust Agreement provides
that the courts of the state of Delaware and any federal courts located in Wilmington, Delaware will be the exclusive jurisdiction for
any claims, suits, actions or proceedings. However, pursuant to the Trust Agreement, this shall not apply to causes of actions for violations
of U.S. federal or state securities laws. Section 22 of the 1933 Act creates concurrent jurisdiction for federal and state courts
over all suits brought to enforce any duty or liability created by the 1933 Act or the rules and regulations thereunder. Investors cannot
waive compliance with the federal securities laws and the rules and regulations thereunder.

By purchasing Shares in the
Trust, Shareholders waive certain claims that the courts of the state of Delaware and any federal courts located in Wilmington, Delaware
is an inconvenient venue or is otherwise inappropriate. As such, Shareholders could be required to litigate a matter relating to the
Trust in a Delaware court, even if that court may otherwise be inconvenient for the Shareholder.

The Trust Agreement also waives
the right to trial by jury in any such claim, suit, action or proceeding, provided that causes of actions for violations of the Exchange Act
or the 1933 Act will not be governed by the waiver of the right to trial by jury provision of the Trust Agreement. If a lawsuit is brought
against the Trust, it may be heard only by a judge or justice of the applicable trial court, which would be conducted according to different
civil procedures and may result in different outcomes than a trial by jury would have, including results that could be less favorable
to the plaintiffs in any such action. By purchasing Shares in the Trust, Shareholders waive a right to a trial by jury which may limit
a Shareholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with the Trust.

Shareholders may be adversely affected by creation or redemption orders that are subject to postponement, suspension or rejection under certain circumstances.

The Trust may, in its discretion,
suspend the right of creation or redemption or may postpone the redemption or purchase settlement date, for (1) any period during
which an emergency exists as a result of which the fulfillment of a purchase order or the redemption distribution is not reasonably practicable
(for example, as a result of a significant technical failure, power outage, or network error), or (2) such other period as the Sponsor
determines to be necessary for the protection of the Shareholders of the Trust (for example