Bybit Report Reveals Bitcoin Controls a Third of Crypto Portfolios as XRP Becomes a Major Player

New Findings on Cryptocurrency Holdings

In a recent study, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, provided insightful data regarding the distribution of assets among cryptocurrency holders for the first half of 2025. This report highlights significant shifts in investor behavior towards digital assets based on the data from October 2024 to May 2025.

Dominance of Bitcoin and Ethereum

Bitcoin (BTC) and Ethereum (ETH) continue to be the dominant players in the crypto market, collectively making up 58.8% of all non-stablecoin investments as of May 2025. The strong performance of BTC is notable, with its share rising from 25.4% in November 2024 to 30.95%, indicating that one in every three coins held in crypto portfolios is Bitcoin. This growth reflects the increasing trust and confidence investors are placing in Bitcoin as a stable asset amidst volatile market conditions.

The current ETH/BTC holding ratio sits at 0.27, showing that investors typically hold $4 in Bitcoin for every $1 in Ethereum. The recovery of Ethereum has also been significant, as its value rose from a low of 3.89% in April 2025 to a higher level in May; however, it has yet to reclaim its peak of 11.12% observed in November 2024.

XRP's Rise Aside Ethereum and Solana

Perhaps one of the most intriguing shifts noted in the report is XRP’s ascent past Solana (SOL) to become the third-largest asset among non-stable cryptocurrencies. XRP’s holdings nearly doubled from 1.29% to 2.42% by May 2025, primarily driven by growing optimism surrounding the potential approval of XRP spot ETFs by the SEC. This institutional interest is fueling XRP’s resurgence, marking a transformative period for the asset as it garners attention from both institutional and retail investors alike.

Solana's Dips and Shifts in Sentiment

Conversely, Solana, which once exhibited robust bullish momentum in the third quarter of 2024, has witnessed a decline in its holdings. Between November 2024 and May 2025, Solana's share fell by 35%, from 2.72% to just 1.76%. This decrease reflects changing investor sentiment and a tactical shift in capital allocation toward the more promising opportunities presented by BTC and XRP.

Conclusion

The full report highlights important trends regarding the asset allocation of cryptocurrency owners, revealing how shifts in sentiment and market strategies significantly shape the crypto landscape. As such alterations occur, they chart a path for various cryptocurrencies, delineating a future that could embrace both traditional fiat strategies alongside decentralized finance opportunities.

For those interested in the specifics, the complete Asset Allocation Report (1H 2025) is available for download on Bybit Learn, offering deeper insights into the dynamic crypto market.

About Bybit

Bybit stands as the second-largest crypto exchange globally based on trading volume, catering to a diverse community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized realm by offering a simpler, more open ecosystem for all. With an emphasis on Web3, Bybit pursues strategic partnerships with leading blockchain protocols to enhance its infrastructure and foster on-chain innovations. Known for its secure custody, diverse marketplaces, and user-friendly experience, Bybit continues to bridge the gap between traditional finance and decentralized finance, enabling creators, developers, and enthusiasts to unlock the full potential of Web3. Explore the future of decentralized finance at Bybit.com.