Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 123

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 123
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 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, where acceptance of the total deposit required
to create each Basket (“Creation Basket Deposit”) would have certain adverse tax consequences to the Trust or its Shareholders).
In addition, the Trust may reject a redemption order if the order is not in proper form as described in the Authorized Participant Agreement
or if the fulfillment of the order might be unlawful. Any such postponement, suspension or rejection could adversely affect a redeeming
Authorized Participant. Suspension of creation privileges may adversely impact how the Shares are traded and arbitraged on the secondary
market, which