The crypto CEO explained what difference the XRP Spot ETF could make to the XRP supply situation and XRP price compared to the XRP Futures ETF.
This comes out as a market I'll be waiting U.S. Securities and Exchange Commission approve XRP Spot ETF. Futures-based XRP products are already available. Found Early success, investors suggest real impact will be in the future come For spot ETFs strike market.
Claver explains how XRP futures ETF works
Jake Claver, CEO of Digital Ascension Group, believes the difference between futures and spot ETFs could make a big difference for XRP.
Claver pointed out that this setup is essentially a paper trade wrapped in an ETF label. These funds never hold any XRP, so the available supply never decreases, and the lack of scarcity means the price will not increase due to ETF activity.
XRP Spot ETF could be a game changer
He contrasted this with spot ETFs, which he said have a direct impact on supply and demand. Specifically, spot ETFs must buy and hold real XRP to back every share they issue.
Admin preferences coinbase Anchorage stores your tokens securely and each share is associated with 5 to 50 XRP. Once the funds are raised purchase and lock those tokens, they are Unless investors sell their shares, they are effectively taken out of circulation.
Claver compared upcoming developments to what happened with Bitcoin. Bitcoin futures ETFs have been around for years, but the market didn't really feel the impact until the Spot Bitcoin ETF was launched in January 2024. These products created substantial buying pressure as every dollar flowing in required the purchase of actual Bitcoin.
According to Claver, XRP is currently in a similar position. The SEC typically wants at least six months of futures trading before approving spot products. XRP is already filled That state. Now that XRP has cleared this hurdle, the market expert believes the market is ready for what he calls “true price discovery.”
He warned that the market could be severely undersupplied if AP starts buying millions of XRP from exchanges with limited inventory. Exchange liquidity is already increasing lower than evermay lead to intense Competition between institutions I'm trying accumulate XRP.
For Claver, approval of the spot XRP ETF will mark the beginning of “the real game.” He believes XRP could see the kind of supply-driven price movement that futures ETFs were never able to generate despite their early success as financial institutions start competing for real tokens in a tight market.
Futures ETFs with early success
For context, this year, Several XRP futures ETFs have been launched, showing Growing institutional interest in assets. Techrium's The XRP Futures ETF (XXRP) began trading in April 2025. Within weeks, it had amassed $121 million in assets under management (AUM).
Following Teucrium's success, Volatility Shares introduced the XRP ETF (XRPI) in May, trading on the Nasdaq. Also in July, ProShares introduced the Ultra XRP ETF (UXRP).
REX-Osprey joined this trend last month with Cboe's XRPR ETF. The product was primarily spot-based, but also included a futures component to encourage early launch. ETF Set a record in 2025 The trading volume on the first day was $37.7 million.
Despite the strong performance of these futures-based products, most market participants are now looking to spot ETFs as the real game changers. Several major companies have already applied, including Grayscale, Bitwise, Canary Capital, and WisdomTree. Expected decisions Once the U.S. government shutdown ends.