Bybit Q3 2025 Asset Allocation Report: Investors Turn to SOL, XRP and Altcoins, Stable Coin Holdings Fall

Bybit's third-quarter 2025 asset allocation report shows that stablecoin holdings have dropped sharply as investors turn their funds to Solana (SOL), XRP and altcoins. Bitcoin and Ethereum still dominate, with total holdings corresponding to $1 in BTC for every $3, and ETH holdings increased by 20%. XRP is now the third largest non-stable coin asset. SOL has reached its highest level this year, and the DEX token is the biggest beneficiary of stablecoin reconfiguration. Institutions are leading the transformation to high-yield digital assets.