Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 87

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 87
---
 redemption order, or the Cash Custodian may fail to deliver to the Authorized
Participant at settlement the cash proceeds from the sale of XRP associated with a redemption order.

<div align='center'>39</div>

The value of the Shares may be influenced by a variety of factors unrelated to the value of XRP.

The value of the Shares may
be influenced by a variety of factors unrelated to the price of XRP and the XRP exchanges included in the Pricing Benchmark that may
have an adverse effect on the price of the Shares. These factors include, but are not limited to, the following factors:

| ● | Unanticipated                                                                                     
 problems or issues with respect to the mechanics of the Trust’s operations and the                
 trading of the Shares may arise, in particular due to the fact that the mechanisms and procedures 
 governing the creation and offering of the Shares and storage of XRP have been developed          
 specifically for this product;                                                                    |

| ● | The Trust                                                                                               
 could experience difficulties in operating and maintaining its technical infrastructure,                
 including in connection with expansions or updates to such infrastructure, which are likely             
 to be complex and could lead to unanticipated delays, unforeseen expenses and security vulnerabilities; |

| ● | The Trust                                                                                        
 could experience unforeseen issues relating to the performance and effectiveness of the security 
 procedures used to protect the Trust’s accounts with the XRP Custodians, or the security         
 procedures may not protect against all errors, software flaws or other vulnerabilities in        
 the Trust’s technical infrastructure, which could result in theft, loss or damage of             
 its assets; or                                                                                   |

| ● | Service                                                                                           
 providers may decide to terminate their relationships with the Trust due to concerns that         
 the introduction of privacy enhancing features to the XRP network may increase the potential      
 for XRP to be used to facilitate crime, exposing such service providers to potential reputational 
 harm.                                                                                             |

Any of these factors could
affect the value of the Shares, either directly or indirectly through their effect on the Trust’s assets.

The Administrator is solely responsible for determining the value of the Trust’s XRP, the Trust’s NAV and the Trust’s Principal Market NAV. The value of the Shares may experience an adverse effect in the event of any errors, discontinuance or changes in such valuation calculations.

The Administrator will determine
the Trust’s NAV and the Trust’s Principal Market NAV. The Administrator’s determination is made utilizing data
from the XRP Custodian’s operations and the Pricing Benchmark (in the case of the NAV)