Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 213

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 213
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 Agreement and the rights and duties
of the parties hereto and the interests of the Shareholders and, in such event, the legal expenses and costs of any such action will
be expenses and costs of the Trust and the Sponsor will be entitled to be reimbursed therefor by the Trust. The obligations of the Trust
to indemnify the Sponsor Indemnified Parties will survive the termination of the Trust Agreement.

XRP Custodians

The XRP Custodians have limited
liability, impairing the ability of the Trust to recover losses relating to its XRP and any recovery may be limited, even in the event
of fraud. In addition, the XRP Custodians may not be liable for any delay in performance of any of its custodial obligations by reason
of any cause beyond their reasonable control, including force majeure events, war or terrorism, and may not be liable for any system
failure or third-party penetration of its systems. As a result, the recourse of the Trust to the XRP Custodians may be limited.

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PROVISIONS OF LAW</div>

According to applicable law,
indemnification of the Sponsor is payable only if the Sponsor determined, in good faith, that the act, omission or conduct that gave
rise to the claim for indemnification was in the best interest of the Trust and the act, omission or activity that was the basis for
such loss, liability, damage, cost or expense was not the result of negligence or misconduct and such liability or loss was not the result
of negligence or misconduct by the Sponsor, and such indemnification or agreement to hold harmless is recoverable only out of the assets
of the Trust.

Provisions of Federal and State Securities Laws

This offering is made pursuant
to federal and state securities laws. The SEC and state securities agencies take the position that indemnification of the Sponsor that
arises out of an alleged violation of such laws is prohibited unless certain conditions are met.

These conditions require that
no indemnification of the Sponsor or any underwriter for the Trust may be made in respect of any losses, liabilities or expenses arising
from or out of an alleged violation of federal or state securities laws unless: (i) there has been a successful adjudication on
the merits of each count involving alleged securities law violations as to the party seeking indemnification and the court approves the
indemnification; (ii) such claim has been dismissed with prejudice on the merits by a court