Bybit's Report Shows Bitcoin Dominates One Third of Crypto Portfolios as XRP Surpasses Solana

Insights from Bybit's Latest Report on Cryptocurrency Holders

In a recently released report, Bybit, the second-largest cryptocurrency exchange globally by trading volume, sheds light on the shifting dynamics of cryptocurrency allocation among holders from October 2024 to May 2025. The findings reveal some noteworthy trends in the cryptocurrency market, especially regarding Bitcoin's steadfast dominance and XRP's emergence as a formidable contender.

Dominance of Bitcoin

According to the report, Bitcoin (BTC) remains the overwhelming favorite among investors, commanding a remarkable 30.95% of all non-stablecoin cryptocurrency holdings by May 2025. This signifies a notable increase from 25.4% in November 2024. The figures indicate that approximately one-third of all crypto assets are held in Bitcoin, reinforcing its position as the bedrock of digital currencies. Meanwhile, Ethereum (ETH) remains a strong presence, holding 27% of the total non-stablecoin investments, leading to a favorable ETH/BTC holding ratio of 0.27. This suggests that investors are maintaining approximately 4 USD in BTC for every 1 USD in ETH.

XRP's Ascendancy

Alongside Bitcoin's performance, XRP has visibly gained traction, particularly following developments surrounding its potential exchange-traded fund (ETF). As of May 2025, XRP has surged past Solana (SOL), securing its place as the third-largest asset among non-stablecoin cryptocurrencies. Holdings of XRP more than doubled from 1.29% to 2.42% within the same timeframe, incited by increasing institutional and retail enthusiasm about the SEC's anticipated approval for the XRP Spot ETF.

Solana's Stumble

In stark contrast to XRP's rise, SOL has experienced a significant decline in interest, with its holdings dropping 35% from 2.72% in November 2024 to 1.76% in May 2025. This downturn reflects a broader shift in investor sentiment, suggesting that the recent bullish momentum observed in Q3 2024 may have dissipated, leading to diminished allocations towards Solana.

The Broader Context

These developments highlight the dynamic landscapes of cryptocurrency investments. Bitcoin retains its legacy status, while XRP’s recent advancements underscore the evolving regulatory environment and shifting investor perceptions. ETH, while slightly falling behind, continues to be a vital component of crypto portfolios. The contrast between XRP and SOL illustrates that the market sentiment can rapidly alter, affecting asset allocation strategies significantly.

The full report on asset allocation for the first half of 2025 is available for download on Bybit's educational portal, Bybit Learn.

About Bybit

Founded in 2018, Bybit boasts a user base of over 60 million, redefining engagement through a transparent and accessible form of decentralized finance. Bybit collaborates with leading blockchain protocols to enhance user experience and provides a vigilant security framework for its trading environment. The exchange effectively bridges traditional finance (TradFi) and decentralized finance (DeFi), catering to builders, creators, and enthusiasts in the Web3 ecosystem. Discover more at Bybit.com or stay updated via Bybit's community channels on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and YouTube.