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XRP spot ETF AUM approaches the $1 billion mark, Firelight staking mechanism brings new opportunities
The US spot XRP ETF continues to attract capital, with net inflows for 12 consecutive days as of December 2, bringing total assets under management to $844.9 million—just one step away from the $1 billion AUM milestone. On December 1, there was an inflow of $89.65 million, followed by an additional $67.7 million the next day. Meanwhile, companies such as Invesco and Franklin Templeton have submitted applications to launch their own XRP ETFs. In comparison, the spot Solana ETF has an AUM of $651 million, while spot Bitcoin and Ethereum ETFs have $57.7 billion and $12.8 billion, respectively.
In the DeFi sector, XRP is seeing new staking opportunities. The Firelight protocol, incubated by Sentora and supported by Flare, has launched an on-chain insurance product based on staking, offering yield options for XRP holders and addressing the insurance gap for over $1 billion in annual losses from exploit attacks, bringing real economic value to investors.
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