Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 217

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 217
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 State of Delaware. The Sponsor, the Trust and DTC and, by accepting Shares, each DTC Participant and each Shareholder, consent
to the exclusive jurisdiction of the courts of the State of Delaware and any federal courts located in Delaware. Such consent is not
required for any person to assert a claim of Delaware jurisdiction over the Sponsor, the Trust.

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.

<div align='center'>LEGAL MATTERS</div>

Dechert
LLP has advised the Sponsor in connection with the Shares being offered. Dechert LLP advises
the Sponsor with respect to its responsibilities as sponsor of, and with respect to matters
relating to, the Trust. An opinion of counsel is filed as an exhibit to the registration
statement of which this Prospectus is a part.

<div align='center'>EXPERTS</div>

The financial statements of the Trust will be included herein in reliance on the report of Cohen & Company, Ltd., an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

<div align='center'>105

OTHER MATERIAL CONTRACTS</div>

Cash Custody Agreement

The Trust has entered into a cash custody agreement (“Cash Custody Agreement”) with The Bank of New York Mellon under which The Bank of New York Mellon acts as custodian of the Trust’s cash and cash equivalents (in such capacity, the “Cash Custodian”). The Cash Custodian has agreed to provide its services under the Cash Custody Agreement until terminated in accordance with the provisions of the Cash Custody Agreement. Either the Cash Custodian or the Trust may terminate the Cash Custody Agreement with respect to one or more series of the Trust by giving written notice to the counterparty as set forth in the Cash Custody Agreement.

The fees of the Cash Custodian are paid by the Trust. In addition, the Trust shall reimburse the Cash Custodian for any out-of-pocket and incidental expenses incurred by the Cash Custodian in connection with the Cash Custody Agreement.

The Cash Custodian shall exercise the standard of care and diligence that a professional custodian would observe in these