Company: TOXR
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001213900-25-120172
Chunk: 237

Company: 21Shares XRP ETF
Filing Date: 2025-12-10
Form: 424B3
Chunk 237
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 the Plan’s investment portfolio and the Plan’s
need for sufficient liquidity to pay benefits when due. When evaluating the prudence of an investment in the Shares, the Plan fiduciary
should consider the DOL’s regulation on investment duties, which can be found at 29 C.F.R. § 2550.404a-1.

By investing, each Plan shall
be deemed to acknowledge and agree that: (a) none of the Sponsor, the Trustee, the XRP Custodians or any of their respective affiliates
(the “Transaction Parties”) has through this report and related materials provided any investment advice within the meaning
of Section 3(21) of ERISA to the Plan in connection with the decision to purchase, acquire, hold or dispose of such Shares;
and (b) the information provided in this report and related materials will not make a Transaction Party a fiduciary to the Plan.

It is anticipated that the
Shares will constitute “publicly-held offered securities” as defined in Department of Labor Regulations §2510.3-101(b)(2).
Accordingly, Shares purchased by a Plan, and not the Plan’s interest in the underlying XRP held in the Trust represented by the
Shares, should be treated as assets of the Plan, for purposes of applying the “fiduciary responsibility” and “prohibited
transaction” rules of ERISA and the Code.

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INFORMATION YOU SHOULD KNOW</div>

This
Prospectus contains information you should consider when making an investment decision about
the Shares. You should rely only on the information contained in this Prospectus or any applicable
prospectus supplement. Neither the Trust nor the Sponsor has authorized any person to provide
you with different information and, if anyone provides you with different or inconsistent
information, you should not rely on it. This Prospectus is not an offer to sell the Shares
in any jurisdiction where the offer or sale of the Shares is not permitted.

The information contained
in this Prospectus was obtained from us and other sources we believe to be reliable.

You should disregard anything
we said in an earlier document that is inconsistent with what is included in this Prospectus or any applicable prospectus supplement.
Where the context requires, when we refer to this “Prospectus,” we are referring to this Prospectus and (if applicable) the
relevant prospectus supplement.

You should not assume that
the information in this Prospectus or any applicable prospectus supplement is current as of