Bybit Q3 2025 Asset Allocation Report: Stable Coin Positions Decline, Funds Flow to SOL, XRP and Other Altcoins

Odaily Planet Daily News Bybit released the latest "2025 Third Quarter Asset Allocation Report". The report shows that investors are significantly reducing their stablecoin holdings and instead increasing their allocations to Solana (SOL), XRP and other altcoins. Although Bitcoin (BTC) and Ethereum (ETH) are still at the core of the portfolio, institutional investors are leading the market, moving from stablecoins to crypto assets with higher returns. Key points of the report: Among the overall holdings of investors, BTC accounts for about 1 of every 3 US dollars; ETH holdings have increased by 20% since the previous report; XRP has become the third largest non-stable currency asset. The concentration of BTC and ETH in non-stable currency assets fell from 58.8% in May 2025 to 55.7% in August 2025, mainly due to more funds flowing to altcoins. Stablecoins were significantly redistributed to SOL, XRP and other altcoins during Q3. Solana's holdings hit an annual high, and the market expects it to replicate BTC and ETH's "institutional fund management" strategy. Decentralized exchange (DEX) tokens have become the biggest beneficiary of stablecoin capital outflows, followed by Layer 1, Layer 2 and RWA (real world asset) tokens; Meme coins perform poorly, and gold tokens are still in a minority position. Bybit's research team pointed out that the trend in the third quarter highlights the continued warming of investors' interest in altcoins. Institutional investors have particularly significantly reduced their "cash" positions to grasp market momentum; while BTC and ETH are still the cornerstones of long-term allocation. The rise of SOL, XRP and DEX tokens shows an accelerated trend of diversification of crypto asset portfolios.