With SwiftPM, how to distribute a framework as static (vs dynamic)

Here, we are using several libraries provided by a partner.

Our partner provides those libraries as .xcframework files and ask us to integrate them as static libraries. As explained in their documentation:

Put them into the “Frameworks, Libraries, and Embedded Content” section in your project APP target setting. Select “Do Not Embed” for all frameworks.

As far I understand static vs dynamic libraries, this means that the framework code will be directly copied in the app executable.

In other terms, if I selected "Embed" instead of "Do Not Embed", the whole framework will be inside the .app, under MyApp.ipa/Payload/MyApp.app/Framework/ folder: the framework will then be dynamic.

Am I correct ?

Now, we just implemented a swift package that wraps the partner's SDK, adds some functionality, and simplify integration. The recommended way the use a framework in a swift package is to use a binary target. So we did our package:

import PackageDescription

let package = Package(
    name: "WrapperPackage",
    platforms: [.macOS(.v10_15), .iOS(.v13)],
    products: [
        .library(name: "WrapperPackage", targets: ["WrapperPackage"]),
    ],
    dependencies: [
    ],
    targets: [
        .target(
            name: "WrapperPackage",
            dependencies: ["MyDependency"],
            path: "Sources",
            resources: [.process("Media")]
        ),
        .binaryTarget(name: "MyDependency", path: "MyDependency/MyDependency.xcframework")
    ]
)

This works well, the app builds perfectly and the MyDependency functionnalities can be used through the WrapperPackage.

But how is packaged MyDependency? After packaging my app, I dived in MyApp.ipa/Payload/MyApp.app/Framework/ and found MyDependency.xcframework, like a dynamic framework.

So my guess is binaryTarget makes Xcode link framework as dynamic libraries. At least by default, but I did not find any way to configure a static integration.

Is there anything I misunderstood, and is it possible to package a framework as a static library using SPM binary targets?