If $XRP Spot ETFs are approved and launch with strong inflows yes, they’ll require direct XRP purchases, and that could have a real, bullish impact on the token’s price over time.
@Holo_Thunder@daveweisberger A spot ETF (Exchange-Traded Fund) is backed by the actual underlying asset in this case, real XRP tokens.
So, unlike a futures ETF that uses contracts or derivatives, a spot ETF must hold physical XRP in cold storage or custody to mirror its real market value.