Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 257

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 257
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)-2 under
the Advisers Act.

“dApps”: Decentralized applications.

“DeFi”: Decentralized finance.

“DFPI”: California Department of Financial Protection
and Innovation.

“DTC”: The Depository Trust Company.
DTC will act as the securities depository for the Shares.

“DTC Participant”: An entity that
has an account with DTC.

“DOL”: U.S. Department of Labor.

“DSTA”: The Delaware Statutory Trust
Act.

“ECASH Act”: The Electronic Currency
and Secure Hardware Act.

“ERISA”: Employee Retirement Income Security Act of 1974.

“Exchange”: The Cboe BZX Exchange,
Inc.

“Exchange Act”: The Securities
Exchange Act of 1934, as amended.

“Expenses”: Any and all losses, claims,
taxes, damages, reasonable expenses, and liabilities (including liabilities under State or federal securities laws) of any kind and nature
whatsoever.

“FASB”: Financial Accounting Standards
Board.

“FDIC”: Federal Deposit Insurance
Corporation.

“Financing Fees”: Interest rates
on Trade Credits.

“FinCEN”: The Financial Crimes Enforcement Network.

“FINRA”: Financial Industry Regulatory
Authority, formerly the National Association of Securities Dealers.

“FIT21”: Financial Innovation and
Technology for the 21 Century Act.

“FTX”: FTX Trading Ltd.

“GAAP”: U.S. generally accepted
accounting principles.

“Genesis”: Genesis Global Capital,
LLC.

“HSMs”: Hardware Security Modules.

“ICO”: An initial coin offering.

<div align='center'>A-3</div>

“IIV”: Intraday indicative value.

“Incidental Rights”: Rights to acquire,
or otherwise establish dominion and control over, any virtual currency or other asset or right, which rights are incident to the Trust’s
ownership of XRP and arise without any action of the Trust, or of the Sponsor on behalf of the Trust.

“Indemnified Person”: The Trustee or any officer, affiliate,
director, employee, or agent of the Trustee.

“Indirect Participants”: Banks, brokers,
dealers and trust companies that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.

“Initial Seed Creation Baskets”: The initial seed creation
baskets comprising of 20,000 Shares.

“Initial Seed Creation Investor”: 21Shares US LLC.

“IRAs”: Individual retirement accounts.