Bybit Report Highlights Bitcoin's Dominance in Crypto Portfolios, XRP Rises as Third Major Asset

Bybit Report Highlights Bitcoin's Dominance in Crypto Portfolios

A recent study by Bybit, one of the world's largest cryptocurrency exchanges by trading volume, offers insightful revelations about the allocation of digital assets among investors in the first half of 2025. The report, based on data collected from October 2024 to May 2025, uncovers notable trends and shifts in how cryptocurrency holders are positioning their portfolios.

As of May 2025, Bitcoin (BTC) continues to reign supreme, representing about 30.95% of total portfolios—roughly one out of every three coins held by investors. This marks a significant increase from 25.4% in November 2024. The enduring popularity of Bitcoin has solidified its place at the forefront of the cryptocurrency market, which some analysts attribute to growing institutional interest and market confidence.

The BTC and ETH Investment Landscape

The pairing of Bitcoin and Ethereum (ETH) remains a powerful combination, commanding 58.8% of all investments in non-stablecoin assets during May. The BTC/ETH holding ratio stands at 0.27, indicating that for every dollar held in ETH, investors typically hold around $4 in Bitcoin. This ratio underlines not just the dominance of Bitcoin but also the ongoing significance of Ethereum in cryptocurrency portfolios.

Ethereum has displayed remarkable resilience, recovering from an April dip of 3.89%, showing substantial improvements throughout May, although it has yet to reach its peak of 11.12% noted in November 2024. The appetite for Ethereum stocks continues, reflecting its vital role in the decentralized ecosystem as major developers and projects increase their stake in ETH.

XRP's Rising Influence

One of the most compelling stories in this report is the ascent of XRP, which has now overtaken Solana (SOL) to emerge as the third largest cryptocurrency by holdings. XRP’s share has more than doubled, climbing from 1.29% to 2.42% between November 2024 and May 2025. This surge is largely attributed to a growing sense of optimism among both individual and institutional investors regarding potential regulatory approvals from the SEC for Spot XRP ETFs. Such developments could significantly enhance XRP's prospects and stability, positioning it as a key player in the evolving crypto landscape.

Solana's Investor Sentiment Shift

In contrast, Solana has faced a downturn despite its relatively strong performance in late 2024. Holdings of Solana have dropped by 35%, decreasing from 2.72% in November 2024 to 1.76% in May 2025. This decline indicates a shift in investor sentiment away from Solana, following a period of optimism that has since waned, reflecting a recalibration of capital allocation strategies within cryptocurrency investments.

Conclusion

The findings of Bybit’s Asset Allocation Report are telling of the current climate within the cryptocurrency market. With Bitcoin solidifying its position as a dominant force, and XRP gaining traction amidst rising expectations, the landscape is poised for continuous evolution. Investors seem to be increasingly cautious, focusing on fundamental developments and regulatory clarity as key drivers of their activity in the crypto space.

For those interested in diving deeper into the implications and methodologies of these trends, the complete Asset Allocation Report for the first half of 2025 is available for download on the Bybit Learn platform. This report is essential reading for anyone looking to understand the forces shaping the cryptocurrency market today.